EXHIBIT 11.1

               STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (1)

<TABLE>
<CAPTION>
(Thousands except                                      Three Months                 Nine Months
per share amounts)                                  Ended September 30,         Ended September 30,
                                                    1997           1996         1997           1996
                                                    ----           ----         ----           ----
<S>                                                <C>            <C>          <C>            <C>   
PRIMARY
                                                                                         
    Average shares outstanding                     23,397         25,858       24,912         25,744
                                                                                         
    Net effect of dilutive stock                                                         
      options--based on the                                                              
      treasury stock method using                                                        
      average market price                          1,752          1,028        1,123          1,026
                                                  -------        -------      -------        -------
                                                                                         
                                     TOTAL         25,149         26,886       26,035         26,770
                                                  =======        =======      =======        =======
                                                                                         
Net income                                        $ 3,978        $ 2,689      $10,072        $ 8,372
                                                  =======        =======      =======        =======
                                                                                         
Per share amount                                  $  0.16        $  0.10      $  0.39        $  0.31
                                                  =======        =======      =======        =======
                                                                                         
FULLY DILUTED                                                                            
                                                                                         
    Average shares outstanding                     23,397         25,858       24,912         25,744
                                                                                         
    Net effect of dilutive  stock  options--                                             
      based  on the treasury  stock method                                               
      using the quarter-end market price,                                                
      if higher than the average market                                                  
      price                                         2,243          1,052        2,243          1,052
                                                  -------        -------      -------        -------
                                                                                         
                                     TOTAL         25,640         26,910       27,155         26,796
                                                  =======        =======      =======        =======
                                                                                         
Net income                                        $ 3,978        $ 2,689      $10,072        $ 8,372
                                                  =======        =======      =======        =======
                                                                                         
Per share amount                                  $  0.16        $  0.10      $  0.37        $  0.31
                                                  =======        =======      =======        =======
</TABLE>

(1) All share and per share  information in this schedule have been adjusted for
the Company's two for one stock split effected in the form of a stock  dividend,
distributed on October 21, 1997 to shareholders of record on October 7, 1997.
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