



                               EXHIBIT 11
                  Computation of Earnings Per Share

<TABLE>
<CAPTION>
                               Three Months Ended        Six Months Ended             
                                  September 30,            September 30,                      
                               ------------------        ----------------
                                 1997       1996         1997         1996
                                 ----       ----         ----         ----
<S>                          <C>          <C>          <C>          <C>
PRIMARY:                         
Net income (in thousands). . $     8,128  $     5,855  $    14,706  $     9,905 
                             ===========  ===========  ===========  ===========
Weighted average shares 
  outstanding. . . . . . . .  21,396,111   19,498,820   21,249,361   19,496,635
                                                                 
Net effect of dilutive stock 
  warrants based on the 
  Treasury Stock method  
  using average market 
  price. . . . . . . . . . .          --       19,387          --        23,280
                                                                 
Net effect of dilutive stock 
  options based on the 
  Treasury Stock method 
  using average market 
  price. . . . . . . . . . .     315,113      246,375      374,508      272,705 
                             -----------  -----------  -----------  -----------                             
                              21,711,224   19,764,582   21,623,869   19,792,620 
                             ===========  ===========  ===========  ===========

Primary earnings per 
  common share . . . . . . . $      0.37  $      0.30  $      0.68  $      0.50
                             ===========  ===========  ===========  ===========  


FULLY DILUTED:
                                                                 
Net income (in thousands). . $     8,128  $     5,855  $    14,706  $     9,905

Interest expense on 
  convertible notes, net of 
  tax (in thousands) . . . .       1,029           --        2,058           --
                             -----------  -----------  -----------  -----------

                             $     9,157  $     5,855  $    16,764  $     9,905
                             ===========  ===========  ===========  ===========

Weighted average shares 
  outstanding. . . . . . . .  21,396,111   19,498,820   21,249,361   19,496,635

Net effect of dilutive stock 
  warrants based on the 
  Treasury Stock method 
  using end of period market 
  price. . . . . . . . . . .         --        28,491          --        27,833
                                                                 
Net effect of dilutive stock 
  options based on the 
  Treasury Stock method 
  using end of period market 
  price. . . . . . . . . . .     315,113      316,404      389,786      307,718
   
Shares from assumed 
  conversion of convertible 
  notes. . . . . . . . . . .   4,286,520           --    4,286,520           --
                             -----------  -----------  -----------  -----------

                              25,997,744   19,843,715   25,925,667   19,832,186
                             ===========  ===========  ===========  ===========

Fully diluted earnings per 
  common share . . . . . . . $      0.35  $      0.30  $      0.65  $      0.50
                             ===========  ===========  ===========  =========== 
</TABLE>

