EXHIBIT 11.1 STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE (In thousands, except per share data) (unaudited) Three Months Ended March 31, ---------------------- 2000 1999 ---------- ---------- Net income......................................... $ 12,664 $ 10,008 ========== ========== Basic earnings per share: Income before cumulative effect of accounting change.......................................... $ 0.25 $ 0.21 Cumulative effect of accounting change, net of tax...................................... -- (0.01) ---------- ---------- Basic earnings per share...................... $ 0.25 $ 0.20 ========== ========== Diluted earnings per share: Income before cumulative effect of accounting change.......................................... $ 0.24 $ 0.20 Cumulative effect of accounting change, net of tax...................................... -- (0.01) ---------- ---------- Diluted earnings per share ................... $ 0.24 $ 0.19 ========== ========== Weighted average shares outstanding: Basic .......................................... 50,112 49,484 Diluted ........................................ 53,415 51,339 Calculation of weighted average shares: Weighted average common stock outstanding-basic. 50,112 49,484 Weighted average common stock options, utilizing the treasury stock method............. 3,303 1,855 ---------- ---------- Weighted average shares outstanding-diluted........ 53,415 51,339 ========== ==========