Year Ended December 31 1997 1996 1995 Basic Average shares outstanding 18,123,475 18,066,552 17,971,417 ========== ========== ========== Net earnings applicable to common stock and common stock equivalents $10,079,000 $17,607,000 $15,302,000 ========== ========== ========== Earnings per share $.56 $.97 $.85 ========== ========== ========== Diluted Average shares outstanding 18,123,475 18,066,552 17,971,417 Net effect of dilutive stock options based on the treasury stock method using the average market price 78,363 48,525 70,059 Average number of common and common equivalent shares 18,201,838 18,115,077 18,041,475 ========== ========== ========== Net earnings applicable to common stock and common stock equivalents $10,079,000 $17,607,000 15,302,000 ========== ========== ========== Earnings per share $.55 $.97 $.85 ========== ========== ==========