EXHIBIT 11 SCHEDULE RE: COMPUTATION OF EARNINGS PER COMMON SHARE* (In thousands, except per share amounts) Three Months Ended Six Months Ended ------------------ ----------------- June 30, July 2, June 30, July 2, 1996 1995 1996 1995 ------- -------- -------- ------- PRIMARY Net income $ 10,807 $ 9,886 $ 19,354 $ 18,900 Weighted average shares outstanding 22,627 22,624 22,632 22,620 ------- ------- ------- ------- Primary earnings per share* $ 0.48 $ 0.44 $ 0.86 $ 0.84 ======= ======= ======= ======= FULLY DILUTED Net income $ 10,807 $ 9,886 $ 19,354 $ 18,900 ------- ------- ------- ------- Weighted average shares outstanding 22,627 22,624 22,632 22,620 Add incremental shares representing: Shares issuable upon exercise of stock options based on period-end market price 448 403 448 403 ------- ------- ------- ------- Weighted average number of shares, as adjusted 23,075 23,027 23,080 23,023 ------- ------- ------- ------- Fully diluted earnings per share $ 0.47 $ 0.43 $ 0.84 $ 0.82 ======= ======= ======= ======= Dilutive effect of incremental shares 1.9% 1.8% 1.9% 1.8% === === === === *Incremental shares have not been considered in the computation of primary earnings per common share in accordance with generally accepted accounting principles which require inclusion only when the dilutive effect is greater than 3%.