EXHIBIT 11.1
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share data)
(unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
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2001 2000 2001 2000
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Net Income......................... $ 5,685 $ 13,197 $ 29,062 $ 40,293
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Basic earnings per share........... $ 0.11 $ 0.26 $ 0.57 $ 0.80
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Weighted average shares
outstanding-basic................. 50,956 50,364 50,848 50,247
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Diluted earnings per share......... $ 0.11 $ 0.25 $ 0.54 $ 0.75
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Weighted average shares
outstanding-diluted............... 53,288 53,612 53,682 53,531
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Calculation of weighted average
shares:
Weighted average common stock
outstanding-basic.............. 50,956 50,364 50,848 50,247
Weighted average common stock
options, utilizing the treasury
stock method................... 2,332 3,248 2,834 3,284
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Weighted average shares
outstanding-diluted............... 53,288 53,612 53,682 53,531
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