EXHIBIT 11 QUARTER 4 - EARNINGS PER SHARE 13 Weeks 52 Weeks ------------------------ ----------------------- Primary Fully Diluted Primary Fully Diluted (1) (1) ----------- ----------- ----------- ----------- Net income (loss) $(1,019,000) $(1,019,000) $1,974,000 $1,974,000 Common shares outstanding 4,674,314 4,674,314 4,674,314 4,674,314 Shares under option at end of period -- -- 323,326 323,326 Treasury shares which could be purchased -- -- (216,830) (201,315) ----------- ----------- ----------- ----------- 4,780,810 4,796,325 $(0.22) $(0.22) $0.41 $0.41 =========== =========== =========== =========== (1) Due to the net loss, the conversion of stock options is not used in this calculation.