EXHIBIT 11
                                  ----------
                       COMPUTATION OF EARNINGS PER SHARE

 
 
                                                           Three Months Ended
                                                         ------------------------
                                                                  March 31,
                                                         ------------------------
                                                             1997       1996
                                                         ------------------------
                                                  (in thousands, except per share data)
                                                                      
Primary:                                           
Net Income                                             $   4,312         $  4,159
                                                       =========         ========
                                                               
Weighted average number of                                     
  common shares outstanding                                19,654           19,194
                                                               
Add:                                                           
Dilutive effect of outstanding options,                        
  as determined by the application                             
  of the treasury stock method using                           
  the average market price of the Company's                    
  common stock                                                331              650
                                                       ----------         --------
                                                               
Weighted average number of common                              
  and common equivalent shares                             19,985           19,844
                                                       ----------         --------
                                                               
Primary earnings per share                             $      .22         $    .21
                                                       ==========         ========
                                                               
Fully diluted:                                                 
                                                               
Weighted average number of common                              
 and common equivalent shares                              19,985           19,844
                                                         
                                                               
Add:                                                           
Additional dilutive effect of outstanding                      
 options, as determined by the application                     
 of the treasury stock method using the                        
 quarter end market price of the Company's                     
 common stock                                                   5               44
                                                           ------         --------
                                                               
Weighted average number of common                              
 shares fully diluted                                      19,990           19,888
                                                           ------         --------
                                                               
Fully diluted earnings per  share *                    $     0.22         $   0.21
                                                           ======         ========
 
 
 
*Not presented in Financial Statements since dilutive effect is less than 3%.
 
**Prior year earnings per share and weighted average shares have been restated
  to reflect the June, 1996 2 for 1 stock dividend.