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 -------------------------------------------- MARCH 28, MARCH 29, 1998 1997 -------------------- -------------------- (UNAUDITED) Basic Weighted-average number of shares outstanding 38,763 38,536 ==================== ==================== Net income applicable to common shares $1,475 $ 352 ==================== ==================== Per-share amounts Net income per share $0.04 $0.01 ==================== ==================== Diluted Weighted-average number of shares outstanding 40,206 39,197 ==================== ==================== Net income applicable to common shares $1,475 $ 352 ==================== ==================== Per-share amounts Net income per share $0.04 $0.01 ==================== ====================