1 Exhibit 11 -- Computation of Earnings Per Share FISCAL YEAR ENDED ------------------------------------------------------- FEBRUARY 1, FEBRUARY 3, JANUARY 28, 1997 1996 1995 ---- ---- ---- (AS RESTATED) (AS RESTATED) PRIMARY Average shares outstanding 1,183,239 966,069 1,018,300 Net effect of dilutive stock options, based on the treasury stock method using average market price 55,925 19,739 202,603 ---------- ----------- ---------- Total 1,239,164 985,808 1,220,903 ========== =========== ========== Net earnings (loss) $1,812,081 $(1,840,739) $ 535,622 Per share amount $ 1.46 $ (1.87) $ 0.44 ========== =========== ========== FULLY-DILUTED Average shares outstanding (a) n/a n/a n/a - ----------- (a) The fully-diluted computation for the years ended February 1, 1997, February 3, 1996, and January 28, 1995 are not reported as the calculation did not exceed 3% of the primary calculation.