EXHIBIT 11 COMPUTATION OF NET INCOME PER COMMON SHARE (UNAUDITED) DOLLARS IN THOUSANDS Thirteen Weeks Ended April 26, April 27, 1997 1996 The computation of net income available and adjusted shares outstanding follows: Net income $ 48,461 $ 30,086 Less: Preferred stock dividends - (1,789) Net income used for primary and fully diluted computation $ 48,461 $ 28,297 Weighted average number of common shares outstanding 79,719,807 72,545,566 Add: Assumed exercise of those options that are common stock equivalents 849,634 1,053,810 Assumed exercise of convertible preferred stock 9,716,599 11,740,891 Adjusted shares outstanding, used for primary and fully diluted computation 90,286,040 85,340,267