EX-11 2 l86931aex11.txt EXHIBIT 11 1 EXHIBIT 11 EARNINGS PER SHARE CALCULATIONS (in thousands, except per share amounts) Fiscal Year Ended --------------------------- Dec 31, Dec 31, Dec 31, 2000 1999 1998 ------- ------- ------- Basic: Net income $44,444 $41,611 $27,651 ======= ======= ======= Weighted average shares outstanding 7,883 8,762 8,393 ------- ------- ------- Basic earnings per common share $ 5.64 $ 4.75 $ 3.29 ======= ======= ======= Diluted: Net income $44,444 $41,611 $27,651 Weighted average shares outstanding 7,883 8,762 8,393 Dilutive effect of stock options 79 71 95 Dilutive effect of deferred stock 94 50 -- ------- ------- ------- Diluted weighted average shares outstanding 8,056 8,883 8,488 ======= ======= ======= Diluted earnings per Common Share $ 5.52 $ 4.68 $ 3.26 ======= ======= =======