Exhibit 11
Computation of Per Share Earnings
(In thousands except per share amounts)
November 30, December 1, December 3,
1997 1996 1995
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Income (loss) from continuning operations
before extraordinary item ($ 6,062) $ 10,473 $ 11,897
Income from discontinued operations,
net of income taxes 4,153 4,746 3,438
Gain on disposal of discontinued businesses,
net of income taxes 15,961 -- --
Extraordinary loss on early extinquishment
of debt, net of income tax benefit of $134 -- (251) --
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Net income $ 14,052 $ 14,968 $ 15,335
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Primary per share earnings
Average number of common shares
outstanding 11,079 11,462 16,003
Add - common equivalent shares representing
shares issuable upon excercise of stock options
and stock grants 390 187 161
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Average shares used to calculate
primary per share earnings 11,469 11,649 16,164
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Earnings (loss) per common share:
Earnings (loss) from continuing operations (0.53) 0.89 0.74
Income from discontinued operations 0.36 0.41 0.21
Gain on sale of discontinued operations 1.39 -- --
Extraordinary loss on early extinguishment of debt -- (0.02) --
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Net earnings per share - primary 1.22 1.28 0.95
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Fully diluted per share earnings
Average number of common shares outstanding 11,079 11,462 16,003
Add - common equivalent shares representing
shares issuable upon excercise of stock options
and stock grants 432 215 172
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Average shares used to calculate fully diluted
per share earnings 11,511 11,677 16,175
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Earnings (loss) per common share:
Earnings (loss) from continuing operations (0.53) 0.89 0.74
Income from discontinued operations 0.36 0.41 0.21
Gain on sale of discontinued operations 1.39 -- --
Extraordinary loss on early extinguishment of debt -- (0.02) --
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Net earnings per share - fully diluted 1.22 1.28 0.95
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