EXHIBIT 11.1 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) Three Months Ending February 24, February 25, 1995 1994 ----------- ----------- PRIMARY Average Shares Outstanding .................... 8,612,157 7,002,349 Net Effect of dilutive stock options and convertible issues based on the treasury stock method using average market price ....... -- 353,089 ----------- ----------- Total ......................................... 8,612,157 7,355,438 =========== =========== Net Income/(Loss) ............................. $(3,219,000) $ 765,000 =========== =========== Per Share Amount .............................. $ (.37) $ .10 =========== =========== FULLY DILUTED Average Shares Outstanding .................... 8,612,157 7,002,349 Net effect of dilutive stock options and convertible issues based on the treasury stock method using the period ending market price, if higher than average market price .................................. -- 353,089 ----------- ----------- Total ......................................... 8,612,157 7,355,438 =========== =========== Net (Loss)/Income ............................. $(3,219,000) $ 765,000 =========== =========== Per Share Amount .............................. $ (0.37) $ .10 =========== ===========