EXHIBIT 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (in thousands, except per share earnings) Six Months Ended June 30, 1996 ------------------------------ Primary Fully Diluted ------------- ------------- Average shares outstanding 8,539 8,541 Effect of dilutive stock options - based on the treasury stock method using average market price, which is greater than period end market price 4 4 ------------- ------------- Totals 8,543 8,545 ============= ============= Net income $ 100 $ 100 ============= ============= Earnings per share $ .01 $ .01 ============= ============= Three Months Ended June 30, 1996 ------------------------------ Primary Fully Diluted ------------- ------------- Average shares outstanding 8,562 8,563 Effect of dilutive stock options - because of the Company's net loss, assumed conversion of stock options would be anti-dilutive 0 0 ------------- ------------- Totals 8,562 8,563 ============= ============= Net loss $(2,962) $(2,962) ============= ============= Loss per share $ (.35) $ (.35) ============= ============= No earnings per share amounts are presented for the quarter or six months ended June 25, 1995 since the Company had no separate capital structure until August 25, 1995. 22