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Exhibit 11 Page 14
Computation of Per Share Earnings
(Unaudited)
(In thousands except per share amounts)
Three Months Ended Nine Months Ended
--------------------- ---------------------
August 28, August 29, August 28, August 29,
1994 1993 1994 1993
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Income before cumulative effect of
accounting change $4,391 $3,856 $11,482 $9,933
Cumulative effect of change in
accounting for income taxes - - 795 -
--------- -------- -------- --------
Net income $4,391 $3,856 $12,277 $9,933
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Primary per share earnings
Average number of common shares
outstanding 16,087 16,109 16,104 16,108
Add - common equivalent shares
representing shares issuable
upon exercise of stock options
and stock grants 177 135 196 136
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Average shares used to calculate
primary per share earnings 16,264 16,244 16,300 16,244
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Primary per share earnings before
change in accounting for income
taxes $0.27 $0.24 $0.70 $0.61
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Cumulative effect of change in
accounting for income taxes - - 0.05 -
--------- -------- -------- --------
Net primary per share earnings $0.27 $0.24 $0.75 $0.61
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Fully diluted per share earnings
Average number of common shares
outstanding 16,087 16,109 16,104 16,108
Add - common equivalent shares
representing shares issuable
upon exercise of stock options
and stock grants 181 191 209 163
--------- -------- -------- --------
Average shares used to calculate
fully diluted per share earnings 16,268 16,300 16,313 16,271
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Fully diluted per share earnings
before change in accounting for
income taxes $0.27 $0.24 $0.70 $0.61
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Cumulative effect of change in
accounting for income taxes - - 0.05 -
--------- -------- -------- --------
Net fully diluted per share
earnings $0.27 $0.24 $0.75 $0.61
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