22 Exhibit 11 Computation of Per Share Earnings (Unaudited) (In thousands except per share amounts) Three Months Ended Six Months Ended --------------------------- --------------------------- May 28, 1995 May 29, 1994 May 28, 1995 May 29, 1994 Income before cumulative effect of accounting change $ 2,934 $ 4,088 $ 6,282 $ 7,091 Cumulative effect of change in accounting for income taxes -- -- -- 795 ------- ------- ------- ------- Net income $ 2,934 $ 4,088 $ 6,282 $ 7,886 ======= ======= ======= ======= Primary per share earnings - -------------------------- Average number of common shares outstanding 15,969 16,110 16,035 16,112 Add - common equivalent shares representing shares issuable upon exercise of stock options and stock grants 94 221 90 205 ------- ------- ------- ------- Average shares used to calculate primary per share earnings 16,063 16,331 16,125 16,317 ======= ======= ======= ======= Primary per share earnings before change in accounting for income taxes $ 0.18 $ 0.25 $ 0.39 $ 0.43 ======= ======= ======= ======= Cumulative effect of change in accounting for income taxes -- -- -- 0.05 ------- ------- ------- ------- Net primary per share earnings $ 0.18 $ 0.25 $ 0.39 $ 0.48 ======= ======= ======= ======= Fully diluted per share earnings - -------------------------------- Average number of common shares outstanding 15,969 16,110 16,035 16,112 Add - common equivalent shares representing shares issuable upon exercise of stock options and stock grants 136 221 113 247 ------- ------- ------- ------- Average shares used to calculate fully diluted per share earnings 16,105 16,331 16,148 16,359 ======= ======= ======= ======= Fully diluted per share earnings before change in accounting for income taxes $ 0.18 $ 0.25 $ 0.39 $ 0.43 ======= ======= ======= ======= Cumulative effect of change in accounting for income taxes -- -- -- 0.05 ------- ------- ------- ------- Net fully diluted per share earnings $ 0.18 $ 0.25 $ 0.39 $ 0.48 ======= ======= ======= =======