Exhibit 11
COMPUTATION OF PER SHARE DATA
(UNAUDITED)
Nine Months Ended Three Months Ended
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July 1, July 2, July 1, July 2,
1995 1994 1995 1994
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Income (loss) from continuing operations $ 1,792,000 $ 3,054,000 $ (743,000) $1,051,000
Income from discontinued operations - 466,000 - -
Cumulative change in accounting principle - 14,128,000 - -
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NET INCOME (LOSS) $ 1,792,000 $17,648,000 $ (743,000) $1,051,000
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Primary:
Weighted average number of common shares outstanding 15,219,969 14,292,915/a/ 16,315,999 14,357,481/a/
Shares issuable upon conversion of Series A
Convertible Preferred Stock 1,066,465/c/ 1,104,887 1,066,465/c/ 1,104,887
Shares issuable upon exercise of dilutive stock
options and warrants - net of shares assumed to
be repurchased (at the average market price for
the period) from exercise proceeds 497,968 853,672/a/ 430,004/a/
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Shares used for computation 16,784,402 16,251,474/a/ 17,382,464 15,892,372/a/
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Income (loss) per share of common stock (primary):
Continuing operations $ .11 $ .19/a/ $ (.04) $ .07
Discontinued operations - .03 - -
Change in accounting principle - .87/a/ - -
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NET INCOME (LOSS) $ .11 $ 1.09/a/ $ (.04) $ .07
=========== =========== =========== ==========
Assuming full dilution:
Weighted average number of common shares
outstanding 15,219,969 14,292,915/a/ 16,315,999 14,357,481/a/
Shares issuable upon conversion of Series A
Convertible Preferred Stock 1,066,465/c/ 1,104,887 1,066,465/c/ 1,104,887
Shares issuable upon exercise of dilutive stock
options and warrants - net of shares assumed to be
repurchased (at the higher of period-end market
price or the average market price for the period)
from exercise proceeds 563,580 853,672/a/ 430,004/a/
----------- ----------- ----------- ---------
Shares used for computation 16,850,014 16,251,474/a/ 17,382,464 15,892,372/a/
=========== =========== =========== ==========
Income (loss) per share of common stock
(assuming full dilution): /b/
Continuing operations $ .11 $ .19/a/ $ (.04) $ .07
Discontinued operations - .03 - -
Change in accounting principle - .87/a/ - -
----------- ----------- ----------- ---------
NET INCOME (LOSS) $ .11 $ 1.09/a/ $ (.04) $ .07
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/a/ Revised to correct weighted average number of shares outstanding and, where
applicable, corresponding earnings per share calculations.
/b/ Not presented because dilution is less than 3 percent from primary amounts.
/c/ Assumes mandatory conversion of preferred shares on July 31, 1995 to 1.1
share of common stock.
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