LINENS 'N THINGS, INC. AND SUBSIDIARIES COMPUTATION OF NET INCOME PER COMMON SHARE (in thousands, except per share amounts) Thirteen Weeks Ended Thirty-Nine Weeks Ended October 2, September 26, October 2, September 26, 1999 1998 1999 1998 --------------- ------------------ -------------- ------------- (Unaudited) (Unaudited) Basic Weighted-average number of shares outstanding 39,395 38,955 39,305 38,868 ============== ============== =============== ============ Net income applicable to common shares $14,662 $11,018 $23,360 $15,319 ============== ============== =============== ============ Per share amounts Net income per share $0.37 $0.28 $0.59 $0.39 ============== ============== =============== ============ Diluted Weighted-average number of shares outstanding 40,940 40,508 40,959 40,387 ============== ============== =============== ============ Net income applicable to common shares $14,662 $11,018 $23,360 $15,319 ============== ============== =============== ============ Per share amounts Net income per share $0.36 $0.27 $0.57 $0.38 ============== ============== =============== ============