EXHIBIT 11.1
STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE
(In thousands, except per share data)
Three Months Ended Nine Months Ended
September 30, September 30,
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1996 1995 1996 1995
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Net Income.......................................$ 6,358 $ 3,839 $ 17,246 $ 11,975
Weighted Average Shares Outstanding.............. 22,061 21,593 21,872 20,707
Earnings Per Share...............................$ 0.29 $ 0.18 $ 0.79 $ 0.58
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Calculation of Weighted Average Shares:
Weighted Average Common Stock
Outstanding................................. 21,591 21,372 21,550 20,536
Weighted Average Common Stock
Options, utilizing the treasury stock
method...................................... 470 221 322 171
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22,061 21,593 21,872 20,707
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