EXHIBIT 11.1
RICHFOOD HOLDINGS, INC.
COMPUTATION OF NET EARNINGS PER COMMON SHARE
(Dollar amounts in thousands, except per share data)
Third Quarter Ended
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January 4, January 6,
1997 1996
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NET EARNINGS:
Net earnings $ 15,000 $ 2,772
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PRIMARY EARNINGS PER COMMON SHARE:
Weighted average number of
common shares outstanding 47,325,705 46,857,027
Net additional common shares
issuable upon exercise of dilutive
options, determined by
treasury stock method 554,344 736,722
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Common shares and equivalents 47,880,049 47,593,749
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Net earnings per common share (a) $ 0.31 $ 0.06
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FULLY DILUTED EARNINGS PER COMMON SHARE:
Common shares and equivalents 47,880,049 47,593,749
Net additional common shares
issuable upon exercise of dilutive
options, determined by
treasury stock method
using quarter-end market price,
if higher than average price - -
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Common shares and equivalents (b) 47,880,049 47,593,749
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Net earnings per common share (a) $ 0.31 $ 0.06
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NOTE: (a) Dilution is less than 3%.
(b) The Company does not have any other potentially dilutive securities.
EXHIBIT 11.1
RICHFOOD HOLDINGS, INC.
COMPUTATION OF NET EARNINGS PER COMMON SHARE
(Dollar amounts in thousands, except per share data)
Year-to-Date
-------------------------------
January 4, January 6,
1997 1996
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NET EARNINGS:
Net earnings $ 40,017 $ 22,787
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PRIMARY EARNINGS PER COMMON SHARE:
Weighted average number of
common shares outstanding 47,257,605 46,827,293
Net additional common shares
issuable upon exercise of dilutive
options, determined by
treasury stock method 523,185 736,722
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Common shares and equivalents 47,780,790 47,564,015
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Net earnings per common share (a) $ 0.84 $ 0.48
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FULLY DILUTED EARNINGS PER COMMON SHARE:
Common shares and equivalents 47,780,790 47,564,015
Net additional common shares
issuable upon exercise of dilutive
options, determined by
treasury stock method
using quarter-end market price,
if higher than average price 30,823 -
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Common shares and equivalents (b) 47,811,613 47,564,015
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Net earnings per common share (a) $ 0.84 $ 0.48
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NOTE: (a) Dilution is less than 3%.
(b) The Company does not have any other potentially dilutive securities.