Year Ended December 31 1995 1994 1993 Primary Average shares outstanding 17,971,416 17,916,388 17,843,837 Net effect of dilutive stock options based on the treasury stock method using average stock price 63,644 84,407 91,630 Average number of common and common equivalent shares 18,035,060 18,000,795 17,935,467 Net earnings before cumulative effect of accounting changes applicable to common stock and common stock equivalents $15,302,000 $14,369,000 $9,438,000 Cumulative effect of accounting changes (3,000,000) Net earnings applicable to common stock and common stock equivalents $15,302,000 $14,369,000 $6,438,000 Earnings per share before cumulative effect of accounting changes $.85 $.80 $.53 Cumulative effect of accounting changes (.17) Earnings per share $.85 $.80 $.36 Fully Diluted Average shares outstanding 17,971,416 17,916,388 17,843,837 Net effect of dilutive stock options based on the treasury stock method using the year-end market price, if higher than the average market price 66,774 86,921 98,241 Average number of common and common equivalent shares 18,038,190 18,003,309 17,942,078 Net earnings before cumulative effect of accounting changes applicable to common stock and common stock equivalents $15,302,000 $14,369,000 $9,438,000 Cumulative effect of accounting changes (3,000,000) Net Earnings $15,302,000 $14,369,000 $6,438,000 Earnings per share before cumulative effect of accounting changes $.85 $.80 $.53 Cumulative effect of accounting changes (.17) Earnings per share $.85 $.80 $.36