1 EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS Year Ended December 31, -------------------------------------------------- 2000 1999 1998 ---------- ---------- ---------- Basic Earning per Share (In thousands, except per share amounts.) Average shares outstanding 84,474 85,564 85,094 ========== ========== ========== Income available to common shareholders' $ 74,396 $ 102,411 $ 88,241 ========== ========== ========== Basic Earnings per Share $ 0.88 $ 1.20 $ 1.04 ========== ========== ========== Diluted Earnings per Share Average common shares outstanding 84,474 85,564 85,094 Effect of dilutive stock options 337 444 586 ---------- ---------- ---------- Average diluted shares outstanding 84,811 86,008 85,680 ========== ========== ========== Income available to common shareholders' $ 74,396 $ 102,411 $ 88,241 ========== ========== ========== Diluted Earnings per Share $ 0.88 $ 1.19 $ 1.03 ========== ========== ==========