EXHIBIT 11.1 COMPUTATION OF EARNINGS PER COMMON SHARE EQUIVALENTS Fiscal Year Ended ------------------------------------------------- AUGUST 26, AUGUST 31, AUGUST 30, 1995 1996 1997 ------------------------------------------------- (IN THOUSANDS, EXCEPT PER SHARE DATA) PRIMARY: Average shares outstanding 146,189 148,476 150,726 Net effect of dilutive stock options, based on the treasury stock method, using average fair market value 3,113 2,762 1,809 ----------------------------------------- Total shares used in computation 149,302 151,238 152,535 ========================================= Net income $138,781 $167,165 $195,008 ========================================= Net income per share $ 0.93 $ 1.11 $ 1.28 ========================================= FULLY DILUTED: Average shares outstanding 146,189 148,476 150,726 Net effect of dilutive stock options, based on the treasury stock method, using higher of average or year-end fair 3,155 2,762 2,156 market value ----------------------------------------- Total shares used in computation 149,344 151,238 152,882 ========================================== Net income $138,781 $167,165 $195,008 ========================================== Net income per share $ 0.93 $ 1.11 $ 1.28 ==========================================