1 EXHIBIT 11 STATEMENT OF THE COMPUTATION OF PER SHARE EARNINGS IN ACCORDANCE WITH INSTRUCTION 4(g) THREE MONTHS ENDED SIX MONTHS ENDED ------------------------------ -------------------------------- 9/29/96 10/01/95 9/29/96 10/01/95 ------------ ------------- -------------- ------------- Primary earnings per share: Weighted average number of common shares outstanding 5,099,618 5,094,843 5,101,626 5,088,590 Dilutive effect of stock option plan - (a) - (a) - (a) - (a) ------------ ------------- -------------- -------------- 5,099,618 5,094,843 5,101,626 5,088,590 ============ ============= ============== ============== Net income $ 1,521,000 $ 1,194,000 $ 3,349,000 $ 2,755,000 ============ ============= ============== ============== Primary earnings per share $ 0.30 $ 0.23 $ 0.66 $ 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. 19