EXHIBIT 11 - CALCULATION OF EARNINGS PER SHARE THREE MONTHS ENDED SIX MONTHS ENDED (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) JUNE 25, 2000 JUNE 27, 1999 JUNE 25, 2000 JUNE 27, 1999 - -------------------------------------------------------------------------------------------------------------------- BASIC EARNINGS PER SHARE: Net Income $12,976 $12,334 $24,517 $23,716 Weighted average shares outstanding 25,276 30,166 26,063 30,066 ------- ------- ------- ------- Basic earnings per share $ 0.51 $ 0.41 $ 0.94 $ 0.79 ======= ======= ======= ======= DILUTED EARNINGS PER SHARE: Net Income $12,976 $12,334 $24,517 $23,716 Weighted average shares outstanding 25,276 30,166 26,063 30,066 Dilutive effect of outstanding common stock options 266 899 260 1,016 ------- ------- ------- ------- Diluted weighted average shares outstanding 25,542 31,065 26,323 31,082 ------- ------- ------- ------- Diluted earnings per share $ 0.51 $ 0.40 $ 0.93 $ 0.76 ======= ======= ======= =======