EX-11 2 0002.txt EXHIBIT 11 EXHIBIT 11 -- STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Year Ended December 31 (in thousands, except per share data) 2000 1999 1998 ----------------------------------------------------------------------------------------------------------------- Basic: ------ Average shares outstanding 26,270 26,790 26,861 ============= ============== ============== Net Income $ 44,810 $ 44,150 $ 39,030 ============= ============== ============== Per Share Amount $ 1.71 $ 1.65 $ 1.45 ============= ============== ============== Diluted: -------- Average shares outstanding 26,270 26,790 26,861 Net effect of dilutive stock options 595 847 1,016 based on the treasury stock method using the average market price or quarter end price, whichever is greater ------------- -------------- -------------- Total Shares Outstanding 26,865 27,637 27,877 ============= ============== ============== Net Income $ 44,810 $ 44,150 $ 39,030 ============= ============== ============== Per Share Amount $ 1.67 $ 1.60 $ 1.40 ============= ============== ==============