1 EXHIBIT 11 STATEMENT OF THE COMPUTATION OF PER SHARE EARNINGS IN ACCORDANCE WITH INSTRUCTION 4(g) THREE MONTHS ENDED NINE MONTHS ENDED -------------------------- -------------------------- 12/25/94 12/26/93 12/25/94 12/26/93 --------- ---------- --------- ---------- Primary earnings per share: Weighted average number of common shares outstanding 5,082,321 5,147,084 5,124,221 5,134,530 Dilutive effect of stock option plan - (a) - (a) - (a) - (a) ---------- ---------- ---------- ---------- 5,082,321 5,147,084 5,124,221 5,134,530 ========== ========== ========== ========== Net income $1,354,000 $1,605,000 $2,623,000 $4,350,000 ========== ========== ========== ========== Primary earnings per share $ 0.27 $ 0.31 $ 0.51 $ 0.85 ========== ========== ========== ========== (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. 36