EXHIBIT 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(in thousands, except per share earnings)
Nine Months Ended September 29, 1996
------------------------------------
Primary Fully Diluted
-------------- -------------------
Average shares outstanding 8,603 8,569
Effect of dilutive stock options - due to the
Company's net loss, assumed conversion of
stock options is anti-dilutive
0 0
-------------- -------------------
Totals 8,603 8,569
-------------- -------------------
-------------- -------------------
Net loss $(9,468) $(9,468)
-------------- -------------------
-------------- -------------------
Loss per share $ (1.10) $ (1.10)
-------------- -------------------
-------------- -------------------
Three Months Ended September 29, 1996
-------------------------------------
Primary Fully Diluted
-------------- -------------------
Average shares outstanding 8,623 8,622
Effect of dilutive stock options - due to the
Company's net loss, assumed conversion of
stock options would be anti-dilutive 0 0
-------------- -------------------
Totals 8,623 8,622
-------------- -------------------
-------------- -------------------
Net loss $(9,568) $(9,568)
-------------- -------------------
-------------- -------------------
Loss per share $(1.11) $(1.11)
-------------- -------------------
-------------- -------------------
No earnings per share amounts are presented for the quarter or nine months ended
September 24, 1995 since the Company had no separate capital structure until
August 25, 1995.
20