EXHIBIT 11 COMPUTATION OF PER SHARE EARNINGS Quarter Ended Nine Months Ended September 30, September 30, -------------- -------------- 1997 1996 1997 1996 ---------- ----------- -------------- -------------- Net Income ($000) $ 27,559 $ 14,353 $ 47,788 $ 90,995 Weighted Average Common Shares Outstanding 69,546,878 69,421,132 69,359,639 69,164,387 Earnings Per Share $ 0.40 $ 0.21 $ 0.69 $ 1.32 Weighted Average Common Shares Outstanding Including Common Stock Equivalents - Primary Basis 70,321,568 69,784,214 69,795,368 69,568,382 Primary Earnings Per Share $ 0.39 $ 0.21 $ 0.68 $ 1.31 Weighted Average Common Shares Outstanding Including Common Stock Equivalents - Fully Diluted Basis 70,438,622 69,784,214 70,251,383 69,568,382 Fully Diluted Earnings Per Share $ 0.39 $ 0.21 $0.68 $1.31