EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) ========================================= Three Months Ending November 24, 1995 November 25, 1994 ----------------- ----------------- PRIMARY Average shares outstanding 8,730,393 8,590,377 Net effect of dilutive stock options and convertible issues based on the treasury stock method using average market price 145,529 369,664 ---------------- ----------------- Total primary shares 8,875,922 8,960,041 ================ ================= Net income (loss) $630,000 $1,209,000 ================ ================= Per share $0.07 $0.14 ================ ================= Income from continuing operations $689,000 $1,405,000 Less dividend on preferred stock -- 63,000 ---------------- ----------------- Income from continuing operations applicable to common shares 689,000 1,342,000 Per share 0.08 0.15 ================ ================= Loss from discontinued operations (59,000) (133,000) Per share $(0.01) $(0.01) ================ ================= FULLY DILUTED Average shares outstanding 8,730,393 8,590,377 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 154,167 369,664 ---------------- ----------------- Total shares 8,884,560 8,960,041 ================ ================= Net income (loss) $630,000 $1,209,000 ================ ================= Per share amount 0.07 0.14 ================ ================= Income from continuing operations 689,000 1,405,000 Less dividend on preferred stock -- 63,000 ---------------- ----------------- Income from continuing operations applicable to common shares 689,000 1,342,000 Per share 0.08 0.15 ================ ================= Loss from discontinued operations (59,000) (133,000) Per share $(0.01) $(0.01) ================ =================