EXHIBIT 11.1 STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE (In thousands, except per share data) (unaudited) Three Months Ended Six Months Ended June 30, June 30, ------------------ ------------------ 2002 2001 2002 2001 -------- -------- -------- -------- Net Income.............................. $ 7,388 $ 9,430 $ 14,756 $ 23,377 ======== ======== ======== ======== Basic earnings per share................ $ 0.14 $ 0.19 $ 0.29 $ 0.46 ======== ======== ======== ======== Weighted average shares outstanding-basic..................... 51,449 50,887 51,331 50,794 ======== ======== ======== ======== Diluted earnings per share.............. $ 0.14 $ 0.18 $ 0.27 $ 0.43 ======== ======== ======== ======== Weighted average shares outstanding-diluted................... 53,974 53,450 53,966 53,786 ======== ======== ======== ======== Calculation of weighted average shares: Weighted average common stock outstanding-basic................... 51,449 50,887 51,331 50,794 Weighted average common stock options, utilizing the treasury stock method. 2,525 2,563 2,635 2,992 -------- -------- -------- -------- Weighted average shares outstanding-diluted................... 53,974 53,450 53,966 53,786 ======== ======== ======== ========