EXHIBIT 11 - COMPUTATION OF NET EARNINGS PER SHARE - -------------------------------------------------- Year Ended December 31, ----------------------------------- 1999 1998 1997 ------------ ------------ -------- BASIC: Basic net earnings......................... $244,589,094 $263,708,596 $294,482,440 ============ ============ ============ Average shares outstanding................. 87,247,160 87,861,501 87,872,485 ========== ========== ========== Basic net earnings per share............... $2.8034 $3.0014 $3.3512 ======= ======= ======= DILUTED: Diluted net earnings....................... $244,589,094 $263,708,596 $294,482,440 ============ ============ ============ Diluted average shares outstanding: Basic shares outstanding................. 87,247,160 87,861,501 87,872,485 Dilutive effect of employee stock options 40,116 16,693 49,832 ---------- ---------- ---------- 87,287,276 87,878,194 87,922,317 ========== ========== ========== Diluted net earnings per share............. $2.8021 $3.0008 $3.3493 ======= ======= =======