Exhibit 11
COMPUTATION OF PER SHARE DATA
(Unaudited)
Nine Months Ended Three Months Ended
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June 29, July 1, June 29, July 1,
1996 1995 1996 1995
------- -------- -------- --------
Net income (loss) $(3,868,000) $ 1,792,000 $(2,930,000) $(743,000)
========= ========= ========= =======
Primary:
Weighted average number of common
common shares outstanding 18,232,457 15,219,969 18,338,904 16,315,999
Shares issuable upon conversion of Series A
Convertible Preferred Stock/a/ - 1,066,465 - 1,066,465
Shares issuable upon exercise of dilutive stock
options and warrants - net of shares assumed to
be repurchased (at the average market price for
the period) from exercise proceeds 220,441 497,968 166,449 -
------- ------- ------- ----------
Shares used for computation 18,452,898 16,784,402 18,505,353 17,382,464
========== ========== ========== ==========
Net income (loss) per share of common stock $(.21) $.11 $(.16) $(.04)
=== === === ===
Assuming full dilution:
Weighted average number of common shares
outstanding 18,232,457 15,219,969 18,338,904 16,315,999
Shares issuable upon conversion of Series A
Convertible Preferred Stock/a/ - 1,066,465 - 1,066,465
Shares issuable upon exercise of dilutive stock
options and warrants - net of shares assumed to be
repurchased (at the higher of period-end market
price or the average market price for the period)
from exercise proceeds 220,441 563,580 166,449 -
------- ------- ------- ----------
Shares used for computation 18,452,898 16,850,014 18,505,353 17,382,464
========== ========== ========== ==========
Net income (loss) per share of common stock $(.21) $.11 $(.16) $(.04)
=== === === ===
/a/Assumes mandatory conversion of preferred shares on July 31, 1995 to 1.1
share of common stock.
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