EXHIBIT 11 PAGE 1 COMPUTATION OF NET INCOME PER COMMON SHARE (UNAUDITED) DOLLARS IN THOUSANDS Thirteen Weeks Ended April 30, May 1, 1994 1993 The computation of net income available and adjusted shares outstanding follows: Net income $19,369 $19,990 Less: Preferred stock dividends (1,789) (1,789) Net income used for primary and fully diluted computation $17,580 $18,201 Weighted average number of common shares outstanding 73,461,299 73,310,866 Add: Assumed exercise of those options that are common stock equivalents 615,533 797,943 Adjusted shares outstanding, used for primary and fully diluted computation 74,076,832 74,108,809