EXHIBIT 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (in thousands, except per share loss) Three Months Three Months Ended March 29, 1998 Ended March 30, 1997 ------------------------ ----------------------- Basic Diluted Basic Diluted ----------- ----------- ---------- ----------- Average shares outstanding 9,185 9,185 8,732 8,732 Effect of dilutive stock options 0 0 0 0 ----------- ----------- ---------- ----------- Totals 9,185 9,185 8,732 8,732 =========== =========== ========== =========== Net loss $ (14,214) $ (14,214) $ (9,634) $ (9,634) =========== =========== ========== =========== Loss per share $ ( 1.55) $ ( 1.55) $ ( 1.10) $ ( 1.10) =========== =========== ========== =========== Prior period loss per share and average shares outstanding have been restated to conform with SFAS No. 128 (see "Note 2"). The restatement did not materially impact loss per share as previously reported.