Exhibit 11 COMPUTATION OF EARNINGS PER SHARE YEAR ENDED DECEMBER 31, ------------------------------------- 1994 1995 1996 ---------- ----------- ---------- PRIMARY: Weighted average common shares outstanding ............ 273,480 289,594 321,367 Net effect of dilutive stock options .................. 17,834 18,198 15,440 --------- ---------- ---------- Total Common and Common Equivalent Shares ......... 291,314 307,792 336,807 ========= ========== ========== Net income/(loss) .................................... 86,948 98,250 189,864 ========= ========== ========== Net income/(loss) per common and common equivalent share ................................................ $ 0.30 $ 0.32 $ 0.56 ========= ========== ========== FULLY DILUTED: Weighted average common shares outstanding ............ 273,480 289,594 321,367 Net effect of dilutive stock options .................. 17,834 18,198 15,440 --------- ---------- ---------- 291,314 307,792 336,807 Assumed conversion of 5% Convertible Subordinated Debentures due 2001 ................................. 9,444 12,226 12,226 --------- ---------- ---------- Total Common and Common Equivalent Shares, Fully Diluted .................................... 300,758 320,018 349,033 ========= ========== ========== Net income ............................................. $ 86,948 $ 98,250 $ 189,864 Elimination of interest and amortization on 5% Convert- ible Subordinated Debentures due 2001, less the related effect on the provision for income taxes ............ 2,927 3,826 3,839 --------- ---------- ---------- Net income, fully diluted .............................. $ 89,875 $ 102,076 $ 193,703 ========= ========== ========== Net income per common and common equivalent share . $ 0.30 $ 0.32 $ 0.55 ========= ========== ==========