Exhibit 11
CALCULATION OF EARNINGS
PER SHARE OF COMMON STOCK
(In thousands of shares)
Thirteen Weeks Ended | Twenty-Six Weeks Ended | |||||||||||||||
July 1, | July 2, | July 1, | July 2, | |||||||||||||
2001 | 2000 | 2001 | 2000 | |||||||||||||
Number of shares of Class A and Class B Common stock outstanding at beginning of period | 9,484 | 9,440 | 9,460 | 9,439 | ||||||||||||
Issuance of shares of Class B common stock (weighted), net of forfeiture of restricted stock awards | 1 | 3 | 22 | 2 | ||||||||||||
Shares used in the computation of basic earnings per share | 9,485 | 9,443 | 9,482 | 9,441 | ||||||||||||
Adjustment to reflect dilution from common stock equivalents | 17 | 15 | 18 | 17 | ||||||||||||
Shares used in the computation of diluted earnings per share | 9,502 | 9,458 | 9,500 | 9,458 | ||||||||||||
Net income available for common shares | $ | 14,229 | $ | 40,915 | $ | 212,757 | $ | 64,483 | ||||||||
Basic earnings per common share | $ | 1.50 | $ | 4.33 | $ | 22.44 | $ | 6.83 | ||||||||
Diluted earnings per common share | $ | 1.50 | $ | 4.33 | $ | 22.39 | $ | 6.82 | ||||||||