EXHIBIT 11
J. BAKER, INC. AND SUBSIDIARIES
Computation of Net Earnings Per Common Share*
(Unaudited)
Quarter Ended
May 1, May 2,
1999 1998
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Net Earnings Per Common Share:
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Net earnings, basic and diluted $ 979,990 $ 516,343
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Weighted average common
shares outstanding, basic 14,064,526 13,920,294
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Effect of dilutive securities:
Stock options and performance share awards 84,943 144,079
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Weighted average common
shares outstanding, diluted 14,149,469 14,064,373
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Net earnings per common share, basic $0.070 $0.037
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Net earnings per common share, diluted $0.069 $0.037
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* This calculation is submitted in accordance with Item 601(b)(11) of Regulation
S-K.