EXHIBIT 11 LINENS 'N THINGS, INC. AND SUBSIDIARIES COMPUTATION OF NET INCOME PER COMMON SHARE (in thousands, except per share data) For the Thirteen Weeks Ended For the Thirty-Nine Weeks Ended ------------------------------------ -------------------------------------- September 27, September 28, September 27, September 28, 1997 1996 1997 1996 ------------------ ----------------- ------------------- ------------------ (Unaudited) (Unaudited) FINANCIAL STATEMENT PRESENTATION Weighted average number of shares outstanding 19,913 19,268 19,792 19,268 ================== ================= =================== ================== Net income applicable to common shares $7,532 $4,966 $8,872 $2,769 ================== ================= =================== ================== Per share amounts Net income per share $0.38 $0.26 $0.45 $0.14 ================== ================= =================== ================== PRIMARY Weighted average number of shares outstanding 19,913 19,268 19,792 19,268 ================== ================= =================== ================== Net income applicable to common shares $7,532 $4,966 $8,872 $2,769 ================== ================= =================== ================== Per share amounts Net income per share $0.38 $0.26 $0.45 $0.14 ================== ================= =================== ================== FULLY DILUTED Weighted average number of shares outstanding and fully diluted common share equivalents 19,984 19,268 19,957 19,268 ================== ================= =================== ================== Net income applicable to common shares $7,532 $4,966 $8,872 $2,769 ================== ================= =================== ================== Per share amounts Net income per share $0.38 $0.26 $0.45 $0.14 ================== ================= =================== ==================