EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) ------------------------------------ ------------------------------------ Three Months Ending May 26, 1995 May 27, 1994 ------------- -------------- PRIMARY Average Shares Outstanding 8,673,126 5,335,938 Net Effect of dilutive stock options and convertible issues based on the treasury stock method using average market price 206,045 -- ------------- -------------- Total 8,879,171 5,335,938 ------------- -------------- ------------- -------------- Net Income (Loss) $ 1,036,000 $ (4,759,000) ------------- -------------- ------------- -------------- Per Share Amount $ .12 $ (0.89) ------------- -------------- ------------- -------------- FULLY DILUTED Average Shares Outstanding 8,673,126 5,335,938 Net effect of dilutive stock options and convertible issues based on the treasury stock method using the period ending market price, if higher than average market price 206,045 -- ------------- -------------- Total 8,879,171 5,335,938 ------------- -------------- ------------- -------------- Net Income (Loss) $ 1,036,000 $ (4,759,000) ------------- -------------- ------------- -------------- Per Share Amount $ .12 $ (0.89) ------------- -------------- ------------- --------------