EXHIBIT 11.1
STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE
(In thousands, except per share data)
(unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
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1998 1997 1998 1997
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Net Income................................. $ 9,198 $ 8,581 $ 18,029 $ 16,149
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Basic earnings per share................... $ 0.28 $ 0.26 $ 0.55 $ 0.50
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Weighted average shares outstanding-basic.. 32,800 32,552 32,800 32,514
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Diluted earnings per share................. $ 0.27 $ 0.26 $ 0.53 $ 0.48
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Weighted average shares outstanding-diluted 34,200 33,435 34,200 33,435
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Calculation of Weighted Average Shares:
Weighted Average Common Stock
Outstanding-basic...................... 32,800 32,552 32,800 32,514
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Weighted Average Common Stock Options,
utilizing the treasury stock method.... 1,400 883 1,400 921
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Weighted average shares outstanding-diluted 34,200 33,435 34,200 33,435
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