1 EXHIBIT 11 Statement Re: Computation of Per Share Earnings The following table sets forth the computation of Basic and Diluted EPS. All share numbers have been adjusted to reflect the Company's two-for-one stock split to holders of record as of the close of business on March 12, 1998: THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ---------------------- ----------------------- 1998 1997 1998 1997 (In thousands, except per share data) Net earnings (loss) ........................ $ (4,849) $ 3,516 $ 26,041 $ 9,758 Effect of converting LLC shares into common stock ............................. -- -- 13,742 -- --------- -------- -------- -------- Adjusted net earnings (loss) ............... $ (4,849) $ 3,516 $ 39,783 $ 9,758 Weighted average shares .................... 155,017 110,020 138,355 102,016 Effect of dilutive securities Stock options and convertible LLC shares -- 8,974 141,887 6,158 --------- -------- -------- -------- Adjusted weighted average shares ........... 155,017 118,994 280,242 108,174 ========= ======== ======== ======== Basic earnings (loss) per share ............ $ (.03) $ .03 $ .19 $ .10 ========= ======== ======== ======== Diluted earnings (loss) per share .......... $ (.03) $ .03 $ .14 $ .09 ========= ======== ======== ========