1 Exhibit 11 CALCULATION OF EARNINGS PER SHARE OF COMMON STOCK (In thousands of shares) Thirteen Weeks Ended Twenty-Six Weeks Ended July 4, June 28, July 4, June 28, 1999 1998 1999 1998 -------------------- ---------------------- Number of shares of Class A and Class B Common stock outstanding at beginning of period 10,099 10,081 10,093 10,089 Issuance of shares of Class B common stock (weighted), net of forfeiture of re- stricted stock awards 3 10 8 8 Repurchase of Class B common stock (weighted) (4) (3) (3) (11) ------ ------ ------ ------ Shares used in the computation of basic earnings per share 10,098 10,088 10,098 10,086 Adjustment to reflect dilution from common stock equivalents 42 48 43 46 ------ ------ ------ ------ Shares used in the computation Of diluted earnings per share 10,140 10,136 10,141 10,132 ------ ------ ------ ------ Net income available for common shares $67,672 $63,543 $112,386 $270,940 Basic earnings per common share $6.70 $6.30 $11.13 $26.86 ------ ------ ------ ------ Diluted earnings per common share $6.67 $6.27 $11.08 $26.74 ------ ------ ------ ------