1 EXHIBIT 11 STATEMENT OF THE COMPUTATION OF PER SHARE EARNINGS IN ACCORDANCE WITH INSTRUCTION 4(g) THREE MONTHS ENDED SIX MONTHS ENDED --------------------------- ------------------------------ 9/25/94 9/26/93 9/25/94 9/26/93 --------- --------- --------- --------- Primary earnings per share: Weighted average number of common shares outstanding 5,120,710 5,134,194 5,151,699 5,128,147 Dilutive effect of stock option plan - (a) - (a) - (a) - (a) --------- --------- --------- --------- 5,120,710 5,134,194 5,151,699 5,128,147 ========= ========= ========= ========= Net income $ 197,000 $1,231,000 $1,269,000 $2,745,000 ========== ========== ========== ========== Primary earnings per share $ 0.04 $ 0.24 $ 0.25 $ 0.54 ========== ========== ========== ========== (a) The inclusion of stock options in the calculation of primary earnings per share was either anti-dilutive or not material as per APB 15. 27