EXHIBIT 11.01 TREND-LINES, INC. AND SUBSIDIARY CALCULATION OF SHARES USED IN DETERMINING PRO FORMA NET INCOME (LOSS) PER COMMON SHARE(1) ----------FISCAL YEARS ENDED----------- MARCH 1, MARCH 2, FEBRUARY 28, 1997 1996 1995 ---------- ---------- ------------ WEIGHTED AVERAGE COMMON STOCK OUTSTANDING DURING THIS PERIOD 10,973,416 10,163,45 8,541,963 WEIGHTED AVERAGE COMMON STOCK EQUIVALENTS 281,946 -(2) 423,872 ----------- ---------- ------------ 11,255,362 10,163,454 8,965,835 =========== =========== ============ (1) Fully diluted net income per share has not been separately presented as the amounts would not be materially different from primary net income (loss) per share. (2) Weighted average common stock equilavents are not included, as their effect would be antidilutive.