. . . EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS THREE MONTHS ENDED MARCH 31, -------------------------- 2003 2002 ------- ------- (IN THOUSANDS, EXCEPT FOR PER SHARE DATA) Basic: Net income applicable to common stock $16,999 $13,476 ======= ======= Weighted average number of common shares outstanding 24,436 25,226 ======= ======= Basic net income per share $ .70 $ .53 ======= ======= Diluted: Net income $16,999 $13,476 Interest expense on convertible subordinated debt, net of tax 7 8 ------- ------- Net income applicable to common stock $17,006 $13,484 ======= ======= Weighted average number of common shares outstanding 24,436 25,226 Weighted average number of dilutive common stock equivalents 625 1,345 Dilutive effect of convertible subordinated debt 30 36 ------- ------- Weighted average number of common and common equivalent shares outstanding 25,091 26,607 ======= ======= Diluted net income per share $ .68 $ .51 ======= =======