EXHIBIT 11.0 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS Year Ended December 31,(1) ------------ (in thousands, except per share amount) 1999 1998 ------- ------- Net income $31,664 $26,944 ------- ------- Weighted average common shares outstanding 18,527 19,092 Earnings per common share $ 1.71 $ 1.41 ======= ======= Total weighted average common shares outstanding 18,527 19,092 Additional dilutive shares using ending period market value versus average market value for the period when utilizing the Treasury stock method regarding stock options 413 1,089 ------- ------- Total shares for fully diluted earnings per share 18,940 20,181 ------- ------- Fully diluted earnings per common share and common share equivalents $ 1.67 $ 1.34 ======= ======= (1) Reflects shares issued as a result of a 3-for-2 stock split on September 29, 1998. 28