EXHIBIT 11 -- STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Year Ended
December 31
(in thousands, except per share data) 2000 1999 1998
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Basic:
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Average shares outstanding 26,270 26,790 26,861
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Net Income $ 44,810 $ 44,150 $ 39,030
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Per Share Amount $ 1.71 $ 1.65 $ 1.45
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Diluted:
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Average shares outstanding 26,270 26,790 26,861
Net effect of dilutive stock options 595 847 1,016
based on the treasury stock method
using the average market price or
quarter end price, whichever is greater
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Total Shares Outstanding 26,865 27,637 27,877
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Net Income $ 44,810 $ 44,150 $ 39,030
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Per Share Amount $ 1.67 $ 1.60 $ 1.40
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