Computation of Per Share Earnings
Exhibit 11.1
Three months ended Fiscal years ended
January 3, December 28, January 3, December 28,
1998 1996 1998 1996
---------- ----------- ---------- ------------
Income
Income before extraordinary items $1,105,048 $480,110 $2,479,367 $973,259
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Net income $1,105,048 $480,110 $2,260,668 $973,259
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Earnings per share--Basic EPS
Income before extraordinary items $0.22 $0.11 $0.51 $0.31
----- ----- ----- -----
Net income $0.22 $0.11 $0.46 $0.31
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Basic weighted average
shares outstanding 5,016,389 4,244,248 4,905,667 3,180,091
Effect of Dilutive Securities
Stock Options 524,395 654,656 568,455 574,124
Warrants -- 192,021 53,579 191,996
-- ------- ------ -------
Diluted weighted average
shares outstanding 5,540,784 5,090,925 5,527,701 3,946,211
--------- --------- --------- ---------
Earnings per share--Diluted EPS
Income before extraordinary items $0.20 $0.09 $0.45 $0.25
----- ----- ----- -----
Net income $0.20 $0.09 $0.41 $0.25
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