EXHIBIT (11)
STATEMENT REGARDING COMPUTATION OF PER SHARE LOSS:
(In thousands, except number of days and per share data)
(A) Computation of the weighted average number of shares of common stock
outstanding for the periods indicated:
QUARTERS ENDED April 1, 2004 AND April 3, 2003
WEIGHTED
SHARES OF NUMBER OF DAYS NUMBER OF NUMBER OF SHARES
COMMON STOCK OUTSTANDING SHARE DAYS OUTSTANDING
------------ -------------- -------------- ---------------
Quarter Ended April 1, 2004
January 2 - April 1 7,203 91 655,471
Shares Issued 6 Various 60
----- -------
7,209 655,531 7,204
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Quarter Ended April 3, 2003
January 3 - April 3 7,139 91 649,675
Shares Issued 47 Various 1,404
----- -------
7,186 651,079 7,155
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TWO QUARTERS ENDED APRIL 1, 2004 AND APRIL 3, 2003
WEIGHTED
SHARES OF NUMBER OF DAYS NUMBER OF NUMBER OF SHARES
COMMON STOCK OUTSTANDING SHARE DAYS OUTSTANDING
------------ -------------- -------------- ----------------
Period Ended April 1, 2004
October 1 - April 4 7,196 184 1,324,022
Shares Issued 13 Various 808
----- ---------
7,209 1,324,830 7,200
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Period Ended April 3, 2003
October 1 - April 3 7,129 185 1,318,945
Shares Issued 57 Various 2,486
----- ---------
7,186 1,321,431 7,143
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EXHIBIT (11) (CONTINUED)
(B) Computation of Loss Per Share:
Computation of loss per share is net loss divided by the weighted
average number of shares of common stock outstanding for the periods
indicated:
QUARTER ENDED TWO QUARTERS ENDED
April 1, April 3, April 1, April 3,
2004 2003 2004 2003
--------- --------- --------- ---------
Basic:
Weighted average number of shares
of common stock outstanding 7,204 7,155 7,200 7,143
------ ------ ------ ------
Net loss ($1,352) ($2,275) ($ 642) ($8,244)
------ ------ ------ ------
Net loss per share ($ 0.19) ($ 0.32) ($ 0.09) ($ 1.15)
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Assuming dilution:
Weighted average number of shares
of common stock outstanding 7,204 7,155 7,200 7,143
Net effect of dilutive stock
options-not included if the
effect was antidilutive 0 0 0 0
------ ------ ------ ------
Total 7,204 7,155 7,200 7,143
------ ------ ------ ------
Net loss ($1,352) ($2,275) ($ 642) ($8,244)
------ ------ ------ ------
Net loss per share ($ 0.19) ($ 0.32) ($ 0.09) ($ 1.15)
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