1 Exhibit 11 Computation of Earnings per Share Three Months Ended June 30 1997 1996 ---- ---- Net income $ 8,982 $ 8,412 ======== ======== Common stock outstanding, net of treasury stock, beginning of year 16,803 17,594 Weighted average treasury stock issued during the quarter 42 53 Weighted average common stock equivalents 573 685 Weighted average treasury stock repurchased (75) (31) -------- -------- Weighted average common stock outstanding, net of treasury stock, end of quarter 17,343 18,301 ======== ======== Earnings per share $ 0.52 $ 0.46 ======== ========