1 EXHIBIT 11 (CONTINUED) COMPUTATION OF EARNINGS PER SHARE UNAUDITED DILUTED EARNINGS PER SHARE Three Months Ended Nine Months Ended September 30, September 30, 1999 1998 1999 1998 ---- ---- ---- ---- Weighted average shares outstanding--basic 26,375,095 26,600,241 26,403,061 26,703,920 Plus incremental shares from assumed conversions 1,349,040 663,672 1,356,373 386,660 ----------- ----------- ----------- ----------- Number of shares for computation of diluted net income per share 27,724,135 27,263,913 27,759,434 27,090,580 =========== =========== =========== =========== Net income $ 262,775 $ 2,867,133 $ 5,378,540 $ 7,292,192 =========== =========== =========== =========== Diluted net income per share $ 0.01 $ 0.11 $ 0.19 $ 0.27 =========== =========== =========== ===========