EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS --------------------------------------- --------------------------------------- TWELVE MONTHS ENDING AUGUST 25, 1995 AUGUST 26, 1994 --------------- --------------- PRIMARY Average shares outstanding 8,643,340 5,597,148 Net effect of dilutive options and convertible issues based on the treasury stock method using average market price 247,403 -- -------------- ------------- Total primary shares 8,890,743 5,597,148 -------------- ------------- -------------- ------------- Loss applicable to common shares $ (521,000) $ (1,083,000) -------------- ------------- -------------- ------------- Per share $ (.06) $ (.20) -------------- ------------- -------------- ------------- Income (loss) from continuing operations $ 1,081,000 $ (718,000) Less dividend requirement on preferred stock (185,000) (272,000) -------------- ------------- Income (loss) from continuing operations applicable to common shares 896,000 (990,000) Per share $ .10 $ (.18) -------------- ------------- -------------- ------------- Loss from discontinued operations $ (1,417,000) $ (93,000) Per share $ (.16) $ (.02) -------------- ------------- -------------- ------------- FULLY DILUTED Average Shares Outstanding 8,643,340 5,597,148 Net Effect of dilutive options and convertible issues based on the treasury stock method using average market price 247,403 -- -------------- ------------- Total primary shares 8,890,743 5,597,148 -------------- ------------- -------------- ------------- Loss applicable to common shares $ (521,000) $ (1,083,000) -------------- ------------- -------------- ------------- Per share $ (.06) $ (.20) -------------- ------------- -------------- ------------- Income (loss) from continuing operations $ 1,081,000 $ (718,000) Less dividend requirement on preferred stock (185,000) (272,000) -------------- ------------- Income (loss) from continuing operations applicable to common shares 896,000 (990,000) Per share $ .10 $ (.18) -------------- ------------- -------------- ------------- Loss from discontinued operations $ (1,417,000) $ (93,000) Per share $ (.16) $ (.02) -------------- ------------- -------------- ------------- Attachment 2