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, ---------------------- ---------------------- 2002 2001 2002 2001 ---------- ---------- ---------- ---------- Net Income..................... $ 6,685 $ 5,685 $ 21,441 $ 29,062 ========== ========== ========== ========== Basic earnings per share....... $ 0.13 $ 0.11 $ 0.42 $ 0.57 ========== ========== ========== ========== Weighted average shares outstanding-basic............ 51,195 50,956 51,286 50,848 ========== ========== ========== ========== Diluted earnings per share..... $ 0.13 $ 0.11 $ 0.40 $ 0.54 ========== ========== ========== ========== Weighted average shares outstanding-diluted.......... 52,906 53,288 53,603 53,682 ========== ========== ========== ========== Calculation of weighted average shares: Weighted average common stock outstanding-basic..... 51,195 50,956 51,286 50,848 Weighted average common stock options, utilizing the treasury stock method... 1,711 2,332 2,317 2,834 ---------- ---------- ---------- ---------- Weighted average shares outstanding-diluted.......... 52,906 53,288 53,603 53,682 ========== ========== ========== ==========