1 Exhibit 11 COMPUTATION OF EARNINGS PER COMMON SHARE (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Prime THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 1998 1999 1998 1999 ----------------- ---------------- ------------------- ------------------ BASIC EARNINGS Income before the cumulative effect of a change in accounting principles...... $8,943 $1,393 $42,806 $29,173 Cumulative effect of a change in in accounting principles............... -- -- -- (5,315) ----------------- ---------------- ------------------- ------------------ Net earnings........................ $8,943 $1,393 $42,806 $23,858 ================= ================ =================== ================== Shares: Weighted average number of common shares outstanding.................. 53,661 51,059 51,072 51,568 ================= ================ =================== ================== Basic earnings per common share: Income before the cumulative effect of a change in accounting principles...... $0.17 $0.03 $0.84 $0.56 Cumulative effect of a change in accounting principles............... -- -- -- ($0.10) ----------------- ---------------- ------------------- ------------------ Net earnings...................... $0.17 $0.03 $0.84 $0.46 ================= ================ =================== ================== DILUTED EARNINGS Income before the cumulative effect of a change in accounting principles...... $8,943 $1,393 $42,806 $29,173 Assumed conversion of convertible debt.... 146 -- 1,142 -- ----------------- ---------------- ------------------- ------------------ Income before the cumulative effect of a change in accounting principles, as adjusted............................ 9,089 1,393 43,948 29,173 Cumulative effect of a change in accounting principles.................. -- -- -- (5,315) ----------------- ---------------- ------------------- ------------------ Net earnings as adjusted............ $9,089 $1,393 $43,948 $23,858 ================= ================ =================== ================== Shares: Weighted average number of common shares outstanding................. 53,661 51,059 51,072 51,568 Options and warrants issued........... 532 1,030 990 1,209 Assumed conversion of convertible debt.................................. --- 2,818 --- ----------------- ---------------- ------------------- ------------------ Weighted average number of common shares outstanding as adjusted..... 54,193 52,089 54,880 52,777 ================= ================ =================== ================== Diluted earnings per common share: Income before the cumulative effect of a change in accounting principles......................... $0.17 $0.03 $0.80 $0.55 Cumulative effect of a change in accounting principles.............. -- -- -- ($0.10) ----------------- ---------------- ------------------- ------------------ Net earnings..................... $0.17 $0.03 $0.80 $0.45 ================= ================ =================== ==================