EXHIBIT 11 J. BAKER, INC. AND SUBSIDIARIES Computation of Primary and Fully Diluted Earnings Per Share* Year Ended January 29, January 30, January 31, 2000 1999 1998 ---- ---- ---- Net Earnings Per Common Share: - ----------------------------- Net earnings, basic and diluted $ 8,872,610 $ 2,033,518 $ 3,813,107 ========== ========== ========== Weighted average common shares outstanding, basic 14,065,734 14,006,478 13,911,080 Effect of dilutive securities: Stock options and performance share awards 307,538 133,257 59,219 ----------- ---------- ---------- Weighted average common shares outstanding, diluted 14,373,272 14,139,735 13,970,299 ========== ========== ========== Net earnings per common share, basic $0.63 $0.15 $0.27 =========== =========== ========== Net earnings per common share, diluted $0.62 $0.14 $0.27 =========== =========== ========== * This calculation is submitted in accordance with Item 601(b)(11) of Regulation S-K.