Exhibit 11
(Page 1 of 2)
COMPUTATION OF NET INCOME PER COMMON SHARE
(in thousands - except per share amounts)
Three months
ended September 30,
-------------------
1997 1996
---- ----
COMPONENTS OF PRIMARY NET INCOME
PER COMMON SHARE:
Net income................................. $ 12,173 $ 18,007
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Average common shares outstanding
during the period........................ 43,406 43,149
Average treasury shares held
during the period........................ (3,464) (1,822)
Common shares issuable with
respect to common equivalents
for stock options........................ 833 926
-------- ----
Average common and common
equivalent shares outstanding............ 40,775 42,253
======== ======
Primary earnings per share:
Net income............................. $ 0.30 $ 0.43
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Exhibit 11
(Page 2 of 2)
COMPUTATION OF NET INCOME PER COMMON SHARE
(in thousands - except per share amounts)
Three months
ended September 30,
1997 1996
---- ----
COMPONENTS OF FULLY DILUTED NET INCOME
PER COMMON SHARE:
Net income................................. $ 12,173 $ 18,007
======== ========
Average common shares outstanding
during the period........................ 43,406 43,149
Average treasury shares held
during the period........................ (3,464) (1,822)
Common shares issuable with
respect to common equivalents
for stock options........................ 1,040 1,020
-------- ------
Average common and common
equivalent shares outstanding 40,982 42,347
======== ======
Fully diluted earnings per share:
Net income............................. $ 0.30 $ 0.43
====== ======