1
Exhibit 11.1
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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1997 1996 1997 1996
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(IN THOUSANDS, EXCEPT FOR PER SHARE DATA)
Income applicable to common stock $ 4,768 $ 3,035 $ 9,076 $ 5,647
Weighted average number of common and common
share equivalents outstanding:
Primary:
Weighted average number of common shares
outstanding 15,001 13,072 14,944 13,065
Weighted average number of dilutive
common share equivalents 677 801 667 720
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Weighted average number of common and
common share equivalents outstanding for
primary earnings per share
15,678 13,873 15,611 13,785
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Fully diluted:
Weighted average number of common shares
outstanding 15,001 13,072 14,944 13,065
Weighted average number of dilutive
common stock equivalents 836 801 747 734
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Weighted average number of common and
common equivalent shares outstanding
for fully diluted earnings per share
15,837 13,873 15,691 13,799
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Income per share:
Primary $ .30 $ .22 $ .58 $ .41
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Fully diluted $ .30 $ .22 $ .58 $ .41
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