EX-11 3 a4233001-11.txt EXHIBIT 11 EXHIBIT 11
EARNINGS PER SHARE COMPUTATIONS (In Thousands Except Per Share Data) Three Months Ended June 30, 2002 2001 ---------- --------- EARNINGS PER COMMON AND DILUTIVE POTENTIAL COMMON SHARE: Net Income $ 4,337 $ 8,713 ========= ========= Shares: Weighted average number of common shares outstanding - Basic 21,255 26,807 ========= ========= EARNINGS PER SHARE - BASIC $ 0.20 $ 0.33 ========== ========= Shares: Weighted average number of common shares outstanding - Basic 21,255 26,807 Effect of dilutive securities (a): Stock options 214 62 --------- --------- Adjusted weighted average common shares - Diluted 21,469 26,869 ========= ========= EARNINGS PER SHARE - DILUTED $ 0.20 $ 0.32 ========= =========
Six Months Ended June 30, 2002 2001 ---------- --------- EARNINGS PER COMMON AND DILUTIVE POTENTIAL COMMON SHARE: Net Income $ 9,488 $ 17,338 ========= ========= Shares: Weighted average number of common shares outstanding - Basic 21,241 26,816 ========= ========= EARNINGS PER SHARE - BASIC $ 0.45 $ 0.65 ========= ========= Shares: Weighted average number of common shares outstanding - Basic 21,241 26,816 Effect of dilutive securities (a): Stock options 167 60 --------- --------- Adjusted weighted average common shares - Diluted 21,408 26,876 ========= ========= EARNINGS PER SHARE - DILUTED $ 0.44 $ 0.65 ========= ========= (a) Shares issuable were derived using the "Treasury Stock Method" for all dilutive potential shares.