EXHIBIT 11.1
RICHFOOD HOLDINGS, INC.
COMPUTATION OF NET EARNINGS PER COMMON SHARE
(dollar amounts in thousands, except per share data)
Fiscal Year Ended
May 3, April 27, April 29,
1997 1996 1995
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Net Earnings:
Earnings before extraordinary loss $ 61,351 $ 39,215 $ 39,218
Extraordinary loss, net of tax (1,882) (2,164) -
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Net earnings $ 59,469 $ 37,051 $ 39,218
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Primary Earnings Per Common Share:
Weighted average number of
common shares outstanding 47,290,092 46,825,107 46,711,389
Net additional common shares
issuable upon exercise of dilutive
options, determined by
treasury stock method 439,621 597,651 498,126
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Common shares and equivalents 47,729,713 47,422,758 47,209,515
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Earnings before extraordinary loss $ 1.29 $ 0.83 $ 0.83
Extraordinary loss, net of tax (0.04) (0.05) -
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Net earnings per common share (a) $ 1.25 $ 0.78 $ 0.83
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Fully Diluted Earnings Per Common Share:
Common shares and equivalents 47,729,713 47,422,758 47,209,515
Net additional common shares
issuable upon exercise of dilutive
options, determined by treasury stock
method using year-end market price,
if higher than average price - 179,645 151,406
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Common shares and equivalents (b) 47,729,713 47,602,403 47,360,921
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Earnings before extraordinary loss $ 1.29 $ 0.82 $ 0.83
Extraordinary loss, net of tax (0.04) (0.04) -
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Net earnings per common share (a) $ 1.25 $ 0.78 $ 0.83
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NOTE: (a) Dilution is less than 3%.
(b) The Company does not have any other potentially dilutive securities.