EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE DATA) TWELVE WEEKS ENDED THIRTY-SIX WEEKS ENDED MAY 10, 1997 MAY 4, 1996 MAY 10, 1997 MAY 4, 1996 PRIMARY: Average shares outstanding 150,879 148,670 150,548 147,831 Net effect of dilutive stock options, based on the treasury stock method, using average fair market value 1,723 2,871 1,841 2,677 ------- ------- ------- ------- Total shares used in computation 152,602 151,541 152,389 150,508 ------- ------- -------- ------- Net income $46,103 $37,605 $113,485 $99,726 ------- ------- -------- ------- Per share amount $0.30 $0.25 $0.74 $0.66 ====== ====== ====== ===== Fully diluted: Average shares outstanding 150,879 148,670 150,548 147,831 Net effect of dilutive stock options, based on the treasury stock method, using higher of average or ending fair market value 1,723 3,750 1,841 4,151 ------- ------- ------- ------- Total shares used in computation 152,602 152,420 152,389 151,982 ------- ------- ------- ------- Net income $46,103 $37,605 $113,485 $99,726 ------- ------- -------- ------- Per share amount $0.30 $0.25 $0.74 $0.66 ====== ===== ===== =====