EX-11 14 ex11.txt EARNINGS PER SHARE COMPUTATIONS 1 EXHIBIT 11 EARNINGS PER SHARE COMPUTATIONS (IN THOUSANDS EXCEPT PER SHARE DATA)
THREE MONTH PERIOD SIX MONTH PERIOD ENDED JUNE 30, ENDED JUNE 30, ---------------------- ---------------------- 2000 1999 2000 1999 ------- ------- ------- ------- EARNINGS PER COMMON AND DILUTIVE POTENTIAL SHARE: Net Income $ 5,840 $ 8,124 $11,195 $16,874 ======= ======= ======= ======= Shares: Weighted average number of common shares outstanding - Basic 26,615 26,683 26,705 26,632 Effect of dilutive securities (a): Stock options 344 337 322 321 ------- ------- ------- ------- Adjusted common shares - Diluted 26,959 27,020 27,027 26,953 ======= ======= ======= ======= EARNINGS PER SHARE - DILUTED $ 0.22 $ 0.30 $ 0.41 $ 0.63 ======= ======= ======= =======
(a) Shares issuable were derived using the "Treasury Stock Method" for all dilutive potential shares.