LINENS 'N THINGS, INC. AND SUBSIDIARIES COMPUTATION OF NET INCOME PER COMMON SHARE (in thousands, except share amounts) Thirteen Weeks Ended Twenty-Six Weeks Ended July 3, June 27, July 3, June 27, 1999 1998 1999 1998 --------------- ------------- --------------- ------------ (Unaudited) (Unaudited) Basic Weighted-average number of shares outstanding 39,362 38,885 39,259 38,824 =============== ============= =============== ============ Net income applicable to common shares $5,103 $ 2,826 $ 8,698 $ 4,301 =============== ============= =============== ============ Per share amounts Net income per share $0.13 $0.07 $0.22 $0.11 =============== ============= =============== ============ Diluted Weighted-average number of shares outstanding 41,074 40,500 40,968 40,354 =============== ============= =============== ============ Net income applicable to common shares $5,103 $ 2,826 $ 8,698 $ 4,301 =============== ============= =============== ============ Per share amounts Net income per share $0.12 $0.07 $0.21 $0.11 =============== ============= =============== ============