EXHIBIT 11.1 COMPUTATION OF PER SHARE EARNINGS For the years ended April 30, 1996, April 30, 1995 and April 29, 1994 (in thousands, except per share data): 1996 1995 1994 --------- --------- --------- Primary: Shares: Weighted average shares outstanding......................................... 5,036 4,511 2,944 Net effect of dilutive stock options, based upon the treasury stock method..................................................................... -- -- 105 --------- --------- --------- Weighted average shares outstanding, as adjusted............................ 5,036 4,511 3,049 Earnings: Income (loss) before cumulative effect of change in accounting.............. $ (7,189) $ (3,630) $ 1,002 Cumulative effect of change in accounting for income taxes.................. -- -- 505 --------- --------- --------- Net income (loss)........................................................... $ (7,189) $ (3,630) $ 1,507 Per share amounts: Income (loss) before cumulative effect of change in accounting.............. $ (1.43) $ (0.81) $ 0.32 Cumulative effect of change in accounting for income taxes.................. -- -- 0.17 --------- --------- --------- Net income (loss)........................................................... $ (1.43) $ (0.81) $ 0.49 --------- --------- --------- --------- --------- --------- Fully Diluted: Shares: Weighted average shares outstanding......................................... 5,036 4,511 2,944 Net effect of dilutive stock options, based upon the treasury stock method..................................................................... -- -- 105 --------- --------- --------- Weighted average shares outstanding, as adjusted............................ 5,036 4,511 3,049 Earnings: Income (loss) before cumulative effect of change in accounting.............. $ (7,189) $ (3,630) $ 1,002 Cumulative effect of change in accounting for income taxes.................. -- -- 505 --------- --------- --------- Net income (loss)........................................................... $ (7,189) $ (3,630) $ 1,507 Per share amounts: Income (loss) before cumulative effect of change in accounting.............. $ (1.43) $ (0.81) $ 0.32 Cumulative effect of change in accounting for income taxes.................. -- -- 0.17 --------- --------- --------- Net income (loss)........................................................... $ (1.43) $ (0.81) $ 0.49 --------- --------- --------- --------- --------- ---------