EXHIBIT (11)
STATEMENT REGARDING COMPUTATION OF PER SHARE LOSS:
(A) Computation of the weighted average number of shares of common stock
outstanding for the periods indicated:
QUARTERS ENDED MARCH 30, 2000 AND APRIL 1, 1999
WEIGHTED
SHARES OF NUMBER OF DAYS NUMBER OF NUMBER OF SHARES
COMMON STOCK OUTSTANDING SHARE DAYS OUTSTANDING
------------ -------------- ----------- ----------------
Quarter Ended March 30, 2000
- ----------------------------
December 31 - March 3 6,963,900 91 633,714,867
Shares Issued 38,822 Various 1,672,585
--------- -----------
7,002,722 635,387,452 6,982,280
========= =========== =========
Quarter Ended April 1, 1999
- ---------------------------
January 1 - April 1 6,868,614 91 625,043,852
Treasury Stock Purchases ( 2,374) Various (2,374)
Shares Issued 19,810 Various 772,451
--------- -----------
6,886,050 625,813,929 6,877,076
========= =========== =========
TWO QUARTERS ENDED MARCH 30, 2000 AND APRIL 1, 1999
WEIGHTED
SHARES OF NUMBER OF DAYS NUMBER OF NUMBER OF SHARES
COMMON STOCK OUTSTANDING SHARE DAYS OUTSTANDING
------------ -------------- ------------ ----------------
Period Ended March 30, 2000
- ---------------------------
October 1 - March 30 6,926,126 182 1,260,554,886
Shares Issued 76,596 Various 6,641,645
--------- -------------
7,002,722 1,267,196,531 6,962,618
========= ============= =========
Period Ended April 1, 1999
October 1 - April 1 6,861,252 183 1,255,609,116
Treasury Stock Purchases ( 2,374) Various (2,374)
Shares Issued 27,172 Various 1,836,710
--------- -------------
6,886,050 1,257,443,452 6,871,276
========= ============= =========
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(B) Computation of Loss Per Share:
Computation of loss per share is net loss divided by the weighted average number
of shares of common stock outstanding for the periods indicated:
QUARTER ENDED TWO
QUARTERS ENDED
March 30, April 1, March 30, April 1,
2000 1999 2000 1999
---------- ---------- ---------- ----------
Basic:
Weighted average number of shares
of common stock outstanding 6,982,280 6,877,076 6,962,618 6,871,276
---------- ---------- ---------- ----------
Net loss ($ 744,263) ($1,428,692) ($ 412,895) ($1,717,818)
---------- ---------- ---------- ----------
Net loss per share ($ 0.11) ($ 0.21) ($ 0.06) ($ 0.25)
========== ========== ========== ==========
Assuming dilution:
Weighted average number of shares
of common stock outstanding 6,982,280 6,877,076 6,962,618 6,871,276
Net effect of dilutive stock
options-not included if the
effect was antidilutive 0 0 0 0
---------- ---------- ---------- ----------
Total 6,982,280 6,877,076 6,962,618 6,871,276
---------- ---------- ---------- ----------
Net loss ($ 744,263) ($1,428,692) ($ 412,895) ($1,717,818)
---------- ---------- ---------- ----------
Net loss per share ($ 0.11) ($ 0.21) ($ 0.06) ($ 0.25)
========== ========== ========== ==========
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