EXHIBIT 11
COMPUTATION OF SHARES
USED IN COMPUTING
DILUTED EARNINGS PER SHARE
Year Ended December 31,
1997 1996 1995
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Diluted:
Weighted Average Shares Outstanding 52,009,000 50,993,000 49,348,000
Common Stock Equivalents 1,519,000 1,053,000 --*
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Shares Used 53,528,000 52,046,000 49,348,000*
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* The Company reported a net loss in 1995, therefore the impact of common stock
equivalents is anti-dilutive.