EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11: STATEMENT RE COMPUTATION OF PER SHARE EARNINGS Thirteen Weeks Ended Twenty-six Weeks Ended July 28, July 30, July 28, July 30, 1996 1995 1996 1995 ---- ---- ---- ---- Net loss $ (622,000) $(814,000) $(3,000,000) $(1,140,000) Average shares of common stock outstanding during the period 25,459,808 25,358,535 25,441,935 25,347,991 Incremental shares from assumed exercise of stock options (primary) * * * * ----------- ------------ ------------ ------------ 25,459,808 25,358,535 25,441,935 25,347,991 ----------- ------------ ------------ ------------ Primary loss per share $(0.02) $(0.03) $(0.12) $(0.04) =========== ============ ============ ============ Average shares of common stock outstanding during the period 25,459,808 25,358,535 25,441,935 25,347,991 Incremental shares from assumed exercise of stock options (fully diluted) * * * * ----------- ------------ ------------ ------------ 25,459,808 25,358,535 25,441,935 25,347,991 ----------- ------------ ------------ ------------ Fully diluted loss per share $(0.02) $(0.03) $(0.12) $(0.04) =========== ============ ============ ============ * Incremental shares from assumed exercise of stock options and convertible debt are antidilutive for primary and fully diluted loss per share, and therefore not presented.