EXHIBIT 11 STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (IN THOUSANDS EXCEPT FOR PER SHARE AMOUNTS) ------------------------------------------- Proceeds upon exercise of options $ 39,443 $ 39,44 Market price of shares Closing $ 21.75 Average $ 22.79 Treasury shares purchasable from option proceeds 1,730 1,813 Option shares outstanding 1,991 1,991 Common stock equivalents (excess shares under option over treasury shares that could be repurchased) 261 178 Average number of shares outstanding 58,353 58,353 Total of common and common equivalent shares 58,614 58,531 Net income for the period $ 57,255 $ 57,255 Earnings per share $ .98 $ .98 Reported earnings per share $ .98 Not Applicable