EXHIBIT 11.1 STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE (In thousands, except per share data) (unaudited) Three Months Ended March 31, ---------------------- 2003 2002 ---------- ---------- Net income.......................................... $ 6,763 $ 7,367 ========== ========== Basic earnings per share............................ $ 0.13 $ 0.14 ========== ========== Weighted average shares outstanding - basic......... 51,156 51,205 ========== ========== Diluted earnings per share.......................... $ 0.13 $ 0.14 ========== ========== Weighted average shares outstanding - diluted....... 53,273 53,953 ========== ========== Calculation of weighted average shares: Weighted average common stock outstanding-basic.. 51,156 51,205 Weighted average common stock options, utilizing the treasury stock method........................ 2,117 2,748 ---------- ---------- Weighted average shares outstanding-diluted......... 53,273 53,953 ========== ==========