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EXHIBIT 11
COMPUTATION OF EARNINGS PER COMMON SHARE
Years Ended December 27, 2008, December 29, 2007 and December 30, 2006
(Dollars in thousands, except share and per share amounts, unless otherwise indicated)
|
| December 27, |
| December 29, |
| December 30, |
| |||
|
| 2008 |
| 2007 |
| 2006 |
| |||
Diluted earnings |
|
|
|
|
|
|
| |||
Net income applicable to common stock |
| $ | (39,805 | ) | $ | 6,769 |
| $ | 6,356 |
|
|
|
|
|
|
|
|
| |||
Shares |
|
|
|
|
|
|
| |||
Weighted average number of common shares outstanding |
| 12,647,127 |
| 11,970,042 |
| 11,773,301 |
| |||
Common stock equivalents |
| — |
| 514,597 |
| 261,364 |
| |||
|
|
|
|
|
|
|
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Total |
| 12,647,127 |
| 12,484,639 |
| 12,034,665 |
| |||
|
|
|
|
|
|
|
| |||
Diluted earnings per common share |
| $ | (3.15 | ) | $ | .54 |
| $ | .53 |
|
|
|
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|
|
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Basic |
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|
|
|
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Net income applicable to common stock |
| $ | (39,805 | ) | $ | 6,769 |
| $ | 6,356 |
|
|
|
|
|
|
|
|
| |||
Shares |
|
|
|
|
|
|
| |||
Weighted average number of common shares outstanding |
| 12,647,127 |
| 11,970,042 |
| 11,773,301 |
| |||
|
|
|
|
|
|
|
| |||
Basic earnings per common share |
| $ | (3.15 | ) | $ | .57 |
| $ | .54 |
|