COMPUTATION OF NET EARNINGS PER SHARE - EXHIBIT 11 (Amount in thousands except share and per share data) Year Ended -------------------------------------- July 26 July 28 July 29 1996 1995 1994 --------- --------- --------- Primary: Average number of shares of common stock outstanding 5,351,931 5,369,216 5,484,278 Additional shares assuming exercise of dilutive stock options 721 973 916 --------- --------- --------- Total 5,352,652 5,370,189 5,485,194 --------- --------- --------- --------- --------- --------- Net earnings $987 $3,574 $3,479 ---- ------ ------ ---- ------ ------ Per share amount $0.18 $0.67 $0.63 ----- ----- ----- ----- ----- ----- Fully Diluted: Average number of shares of common stock outstanding 5,351,931 5,369,216 5,484,278 Additional shares assuming exercise of dilutive stock options 1,734 3,728 927 --------- --------- --------- Total 5,353,665 5,372,944 5,485,205 --------- --------- --------- --------- --------- --------- Net earnings $987 $3,574 $3,479 ---- ------ ------ ---- ------ ------ Per share amount $0.18 $0.67 $0.63 ----- ----- ----- ----- ----- ----- 36