LINENS 'N THINGS, INC. AND SUBSIDIARIES COMPUTATION OF NET INCOME PER COMMON SHARE (in thousands, except per share amounts) Thirteen Weeks Ended April 1, 2000 April 3, 1999 -------------- -------------- (Unaudited) Basic - ----- Weighted-average number of shares outstanding 39,482 39,156 ============== ============== Net income applicable to common shares $5,055 $3,595 ============== ============== Per share amounts Net income per share $0.13 $0.09 ============== ============== Diluted - ------- Basic weighted-average number of shares outstanding 39,482 39,156 Effect of outstanding stock options and deferred stock grants 936 1,706 -------------- -------------- Diluted weighted-average number of shares outstanding 40,418 40,862 ============== ============== Net income applicable to common shares $5,055 $3,595 ============== ============== Per share amounts Net income per share $0.13 $0.09 ============== ==============