EXHIBIT 11.1
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share amounts)
Fiscal Year Ended
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March 30, March 31, April 2,
1997 1996 1995
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Primary:
Weighted average shares outstanding 78,454 77,026 69,684
Net effect of dilutive stock options -- 4,871 5,081
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Total 78,454 81,897 74,765
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Income (loss) before extraordinary item $(42,272) $118,249 $78,302
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Net income (loss) $(42,272) $120,170 $78,302
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Primary earnings per share:
Income (loss) before extraordinary item $(0.54) $1.44 $1.05
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Net income (loss) $(0.54) $1.47 $1.05
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Fully diluted:
Weighted average shares outstanding 78,454 77,026 69,684
Net effect of dilutive stock options -- 4,871 5,742
Assumed conversion of convertible subordinated notes -- 5,856 --
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Total 78,454 87,753 75,426
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Income (loss) before extraordinary item $(42,272) $118,249 $78,302
Net income (loss) $(42,272) $120,170 $78,302
Add:
Convertible subordinated notes interest and related expenses,
net of taxes (if dilutive) 6,596
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Adjusted net income (loss) $(42,272) $126,766 $78,302
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Fully diluted earnings per share:
Income (loss) before extraordinary item $ (0.54) $ 1.42 $ 1.04
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Net income (loss) $ (0.54) $ 1.44 $ 1.04
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