EXHIBIT 11.0
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Year Ended
December 31, (1)(2)
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(in thousands, except
per share amount)
1998 1997
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Net income $26,944 $23,264
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Weighted average common shares outstanding 19,092 20,455
Earnings per common share $1.41 $1.14
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Total weighted average common shares 19,092 20,455
outstanding
Additional dilutive shares using ending
period market value versus average market
value for the period when utilizing the
Treasury stock method regarding stock options 1,089 1.369
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Total shares for fully diluted earnings per
share 20,181 21,824
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Fully diluted earnings per common share and
common share equivalents $1.34 $1.07
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(1) Reflects shares issued as a result of a 3-for-2 stock split on September
29, 1998.
(2) Reflects the adoption of Statement of Financial Accounting Standards No.
128, "Earnings Per Share."
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