**COMPUTATION OF EARNINGS PER COMMON SHARE(Unaudited)(in thousands, except per share amounts)**

 

 
|                                                               |   | **Three Months Ended** |   | **Nine Months Ended** |   |
|--------------------------------------------------------------------|--------|------------------------|--------|-----------------------|--------|
|                                                               |   | **September 30,**      |   | **September 30,**     |   |
|                                                               |   | **2001**               |   | **2000**              |   | **2001** |   | **2000** |   |
| **Basic Earnings**                                                 |   |                   |   |                  |   |   |   |   |   |
| Income before extraordinary items                                  |   | $                      | 5,135  |                  | $      | 15,653 |   | $ | 35,472 |   | $ | 50,807 |   |
| Extraordinary items - loss on discharge of  indebtedness           |   | 34                     |   | --                    |   | (76 | ) | (302 | ) |
| Net income                                                         |   | $                      | 5,169  |                  | $      | 15,653 |   | $ | 35,396 |   | $ | 50,505 |   |
|                                                               |   |                   |   |                  |   |   |   |   |   |
| Shares:                                                            |   |                   |   |                  |   |   |   |   |   |
| Weighted average number of common shares  outstanding              |   | 44,671                 |   | 44,886                |   | 44,744 |   | 45,982 |   |
|                                                               |   |                   |   |                  |   |   |   |   |   |
| Basic income per common share:                                     |   |                   |   |                  |   |   |   |   |   |
| Income before extraordinary items                                  |   | $                      | 0.12   |                  | $      | 0.35 |   | $ | 0.79 |   | $ | 1.10 |   |
| Extraordinary items - loss on discharge of  indebtedness           |   | --                     |   | --                    |   | -- |   | -- |   |
| Net income per common share                                        |   | $                      | 0.12   |                  | $      | 0.35 |   | $ | 0.79 |   | $ | 1.10 |   |
|                                                               |   |                   |   |                  |   |   |   |   |   |
| **Diluted Earnings**                                               |   |                   |   |                  |   |   |   |   |   |
| Income before extraordinary items                                  |   | $                      | 5,135  |                  | $      | 15,653 |   | $ | 35,472 |   | $ | 50,807 |   |
| Extraordinary items - loss on discharge of  indebtedness           |   | 34                     |   | --                    |   | (76 | ) | (302 | ) |
| Net income, as adjusted                                            |   | $                      | 5,169  |                  | $      | 15,653 |   | $ | 35,396 |   | $ | 50,505 |   |
|                                                               |   |                   |   |                  |   |   |   |   |   |
| Shares:                                                            |   |                   |   |                  |   |   |   |   |   |
| Weighted average number of common shares  outstanding              |   | 44,671                 |   | 44,886                |   | 44,744 |   | 45,982 |   |
| Options issued                                                     |   | 1,087                  |   | 959                   |   | 1,168 |   | 769 |   |
| Weighted average number of common shares  outstanding, as adjusted |   | 45,758                 |   | 45,845                |   | 45,912 |   | 46,751 |   |
|                                                               |   |                   |   |                  |   |   |   |   |   |
| Diluted income per common share:                                   |   |                   |   |                  |   |   |   |   |   |
| Income before extraordinary items                                  |   | $                      | 0.11   |                  | $      | 0.34 |   | $ | 0.77 |   | $ | 1.08 |   |
| Extraordinary items - loss on discharge of  indebtedness           |   | --                     |   | --                    |   | -- |   | -- |   |
| Net income per common share                                        |   | $                      | 0.11   |                  | $      | 0.34 |   | $ | 0.77 |   | $ | 1.08 |   |