COMPANY: WORLD OF SCIENCE, INC. TICKER: WOSI EXCHANGE: NMS FORM-TYPE: 10-K Exhibit 11. Statement re Computation of Per Share Earnings FILING-DATE: April 30, 1998 Exhibit 11.1 WORLD OF SCIENCE, INC. COMPUTATION OF PER SHARE NET INCOME (In thousands, except per share data) Year Ended ----------- January 31, 1998 February 1, 1997 January 28, 1996 -------------------- ---------------------- ------------------- Basic Earnings Per Share: Net earnings $1,760 $1,736 $1,304 ------ ------ ------ Weighted average common shares outstanding 4,362 3,482 3,482 Basic earnings per share $ 0.40 $ 0.50 $ 0.37 ====== ====== ====== Diluted Earnings Per Share: Net earnings $1,760 $1,736 $1,304 ------ ------ ------ Weighted average common shares outstanding 4,362 3,482 3,482 Dilutive effect of outstanding stock options 83 40 11 Dilutive effect of outstanding stock warrants -- -- 3 Dilutive effect of option granted by Chairman to former President of the Company -- -- 242 ------ ------ ------ 4,445 3,522 3,738 Diluted earnings per share $ 0.40 $ 0.49 $ 0.35 ====== ====== ====== 1