EXHIBIT 11.1
EXHIBIT 11.1-STATEMENT RE: COMPUTATION OF HISTORICAL
PER SHARE EARNINGS
Fiscal Year Ended
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April 27, April 26, April 25, April 30, April 29,
1997 1998 1999 2000 2001
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(dollars in millions, except per share data)
Numerator:
Income (loss) before extraordinary item .................... $ (8.8) $ 7.5 $ 12.1 $ 32.1 $25.1
Extraordinary loss, net .................................... (12.3) -- (36.3) (1.0) --
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Net income(loss) ........................................... (21.1) 7.5 (24.2) 31.1 25.1
Numerator for basic earnings (loss) per share - income
(loss) available to common stockholders .................... (21.1) 7.5 (24.2) 31.1 25.1
Effect of diluted securities ............................... -- -- -- -- --
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Numerator for diluted earnings (loss) per share-
income (loss) available to common stockholders after
assumed conversions ..................................... $(21.1) $ 7.5 $(24.2) $ 31.1 $25.1
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Denominator:
Denominator for basic earnings (loss) per share -
weighted - average shares .................................. 22.5 23.5 23.6 26.3 29.9
Effect of dilutive securities
Employees stock options and warrants ....................... -- -- 0.3 1.6 1.6
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Dilutive potential common shares ........................... -- -- 0.3 1.6 1.6
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Denominator for diluted earnings (loss) per share -
adjusted weighted - average shares and assumed conversions . 22.5 23.5 23.9 27.9 31.5
Basic earnings (loss) per share
Income (loss) before extraordinary item .................... $(0.39) $0.32 $ 0.51 $ 1.22 $0.84
Extraordinary loss, net .................................... (0.55) -- (1.54) (0.04) --
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Net income (loss) .......................................... $(0.94) $0.32 $(1.03) $ 1.18 $0.84
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Diluted earnings (loss) per share
Income (loss) before extraordinary item .................... $(0.39) $0.32 $ 0.51 $ 1.15 $0.80
Extraordinary loss, net .................................... (0.55) -- (1.52) (0.04) --
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Net income (loss) .......................................... $(0.94) $0.32 $(1.01) $ 1.11 $0.80
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