EXHIBIT 11 EXHIBIT 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (in thousands, except per share loss) Three Months Three Months Ended June 28, 1998 Ended June 29, 1997 --------------------------- ----------------------------- Basic Diluted Basic Diluted ---------- ------------- ---------- --------------- Average shares outstanding 9,333 9,333 8,903 8,903 Effect of dilutive stock options 0 0 0 0 ---------- ------------- ---------- --------------- Totals 9,333 9,333 8,903 8,903 ========== ============= ========== =============== Net loss $ (12,302) $ (12,302) $ (10,852) $ (10,852) ========== ============= ========== =============== Loss per share $ (1.32) $ (1.32) $ (1.22) $ (1.22) ========== ============= ========== =============== Six Months Six Months Ended June 28, 1998 Ended June 29, 1997 --------------------------- ----------------------------- Basic Diluted Basic Diluted ---------- ------------- ---------- --------------- Average shares outstanding 9,264 9,264 8,799 8,799 Effect of dilutive stock options 0 0 0 0 ---------- ------------- ---------- --------------- Totals 9,264 9,264 8,799 8,799 ========== ============= ========== =============== Net loss $ (26,516) $ (26,516) $ (20,486) $ (20,486) ========== ============= ========== =============== Loss per share $ (2.86) $ (2.86) $ (2.33) $ (2.33) ========== ============= ========== =============== 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. 19