EX-11 6 ex11.htm EXHIBIT 11 - STATEMENT RE COMPUTATION... EXHIBIT 11

EXHIBIT 11

Statement Re: Computation of Basic and Diluted Earnings Per Share (Unaudited)

(In thousands, except per share data)

Year Ended December 31

 

2000

1999

1998

BASIC EARNINGS PER SHARE

     
       

Net Income

$33,186

$26,789

$23,562

       

Weighted average shares outstanding

28,540

28,437

28,378

     

Basic earnings per share

$ 1.16

$ 0.94

$ 0.83

       

DILUTED EARNINGS PER SHARE

     
       

Weighted average number of

shares outstanding

28,540

28,437

28,378

       

Net effect of dilutive stock options,

based on the treasury stock method

123

8

2

       

Total diluted shares used in computation

28,663

28,445

28,380

       

Diluted earnings per share

$ 1.16

$ 0.94

$ 0.83