EXHIBIT 11
EXHIBIT
11. Computation of Earnings (Loss) Per Share (Unaudited).
(In thousands, except per share data)
THREE MONTHS ENDED NINE MONTHS ENDED
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JUNE 29, JUNE 24, JUNE 29, JUNE 24,
1996 1995 1996 1995
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PRIMARY EARNINGS (LOSS) PER SHARE
WEIGHTED AVERAGE COMMON AND COMMON
EQUIVALENT SHARES:
Weighted average common shares
outstanding 16,833 16,464 16,756 16,358
Assumed exercise of common stock
options(1) -- 1,574 820 758
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Weighted average common and common
equivalent shares 16,833 18,038 17,576 17,116
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NET INCOME (LOSS) $ (4,869) $ 2,970 $ 2,777 $ 8,289
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PRIMARY EARNINGS (LOSS) PER SHARE $ (0.29) $ 0.16 $ 0.16 $ 0.48
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FULLY DILUTED EARNINGS (LOSS) PER SHARE
WEIGHTED AVERAGE COMMON AND COMMON
EQUIVALENT SHARES:
Weighted average common shares
outstanding 16,833 16,467 16,756 16,366
Assumed exercise of common stock
options(1) -- 1,651 842 1,651
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Weighted average common and common
equivalent shares 16,833 18,118 17,598 18,017
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NET INCOME (LOSS) $ (4,869) $ 2,970 $ 2,777 $ 8,289
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FULLY DILUTED EARNINGS (LOSS) PER SHARE $ (0.29) $ 0.16 $ 0.16 $ 0.46
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(1) Computed based on the treasury stock method in fiscal 1996 and the modified
treasury stock method in fiscal 1995.
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