1 EXHIBIT 11.1 CALCULATION OF EARNINGS PER SHARE FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 27, 1998 AND JUNE 28, 1997 - ------------------------------------------------------------------------------------------------------------------------ THREE MONTHS THREE MONTHS SIX MONTHS SIX MONTHS ENDED ENDED ENDED ENDED JUNE 27, 1998 JUNE 28, 1997 JUNE 27, 1998 JUNE 28, 1997 - ------------------------------------------------------------------------------------------------------------------------ Net income ......................................... $2,643,135 $2,033,461 $4,087,695 $3,212,754 ========== ========== ========== ========== Common and common equivalent shares: Weighted average number of common shares outstanding during the period ............................ 5,855,207 5,676,862 5,816,867 5,654,543 Common shares issuable upon exercise of outstanding stock options Diluted ............................. 152,387 265,583 165,312 303,304 Common and common equivalent shares outstanding during the period Diluted ............................. 6,007,594 5,942,445 5,982,179 5,957,847 ========== ========== ========== ========== Earnings per share data Net income per common and common equivalent shares Basic ............................... $ 0.45 $ 0.36 $ 0.70 $ 0.57 Diluted ............................. $ 0.44 $ 0.34 $ 0.68 $ 0.54 19