1 EXHIBIT 11.1 COMPUTATION OF EARNINGS PER COMMON SHARE THREE MONTHS ENDED SIX MONTHS ENDED ---------------------- ---------------------- JUNE 30, JULY 2, JUNE 30, JULY 2, 1996 1995 1996 1995 ---------------------- ---------------------- (in thousands of dollars, except per share amounts) Net income $10,814 $ 9,537 $19,624 $16,057 Weighted average number of shares outstanding 25,089 24,674 25,071 24,663 Dilutive effect of outstanding options 486 101 412 76 ---------------------- ---------------------- Weighted average number of shares and equivalent shares outstanding 25,575 24,775 25,483 24,739 ---------------------- ---------------------- Earnings per share $ 0.42 $ 0.39 $ 0.77 $ 0.65 ====================== ====================== 13