. . . EXHIBIT 11 EARNINGS PER SHARE The following reconciles the numerators and denominators of the basic and diluted earnings per share. FOR THE THREE MONTHS ENDED MARCH 31, -------------------------- (In thousands, except share data ) 2003 2002 ------------ ----------- Basic earnings per share Income from continuing operations $ 14,358 $ 12,580 Basic weighted average number of common shares outstanding 58,171,621 57,862,267 ------------ ----------- Basic earnings per share from continuing operations $ 0.25 $ 0.22 ------------ ----------- Cumulative effect of a change in accounting principle, net of tax $ - $ (15,107) Basic weighted average number of common shares outstanding 58,171,621 57,862,267 ------------ ----------- Basic earnings per share from continuing operations $ 0.00 $ (0.26) ------------ ----------- Net income (loss) $ 14,358 $ (2,527) Basic weighted average number of common shares outstanding 58,171,621 57,862,267 ------------ ----------- BASIC EARNINGS PER SHARE $ 0.25 $ (0.04) ============ =========== DILUTED EARNINGS PER SHARE Income from continuing operations $ 14,358 $ 12,580 Interest expense on convertible debentures 440 440 ------------ ----------- Income available after assumed conversion $ 14,798 $ 13,020 ------------ ----------- Basic weighted average shares outstanding 58,171,621 57,862,267 Common stock equivalents resulting from convertible debentures 4,092,622 4,094,414 Common stock equivalents resulting from restricted stock and options 1,986,245 3,250,786 ------------ ----------- Diluted weighted average shares outstanding 64,250,488 65,207,467 ------------ ----------- Diluted earnings per share from continuing operations $ 0.23 $ 0.20 ------------ ----------- Cumulative effect of a change in accounting principle, net of tax $ - $ (15,107) Diluted weighted average shares outstanding 64,250,488 65,207,467 ------------ ----------- Diluted earnings per share from continuing operations $ - (0.23) ------------ ----------- Income available after assumed conversion $ 14,798 $ (2,527) Diluted weighted average shares outstanding 64,250,488 65,207,467 ------------ ----------- DILUTED EARNINGS PER SHARE $ 0.23 $ (0.04) ============ ===========