1
EXHIBIT 11
(In 000's, except per share
amounts)
TWELVE MONTHS ENDED
DEC. 28, DEC. 30,
1996 1995
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Income (loss) before extraordinary item $(103,895) $(28,153)
Extraordinary item (1,134) (1,837)
--------- --------
Net income (loss) (105,029) (29,990)
Preferred stock dividends (225) (240)
Net income (loss) applicable to Common Shareholders $(105,254) $(30,230)
Average shares of common stock outstanding during
the period 111,441 93,030
Incremental shares from assumed exercise of stock
options (primary) 950 111
Total shares used to calculate PEPS* 111,441 93,030
Primary earnings per share before extraordinary item $ (0.93) $ (0.30)
Extraordinary item (0.01) (0.02)
--------- --------
Primary earnings per share $ (0.94) $ (0.32)
Average shares of common stock outstanding during
the period 111,441 93,030
Incremental shares from assumed exercise of stock
options (fully diluted) 950 111
Total shares used to calculate FDEPS* 111,441 93,030
Fully diluted earnings per share before extraordinary
item $ (0.93) $ (0.30)
Extraordinary item (0.01) (0.02)
--------- --------
Fully diluted earnings per share $ (0.94) $ (0.32)
Average shares of common stock outstanding during
the period 111,441 93,030
Basic earnings per share $ (0.94) $ (0.32)
* Per APB 15, when a net loss is reported, exercise or conversion is not to be
assumed.