Exhibit 11
Computation of Earnings Per Common and Common Equivalent Share
(In thousands except per share amounts)
Quarters Ended
June 30 July 2
1996 1995
Primary calculation:
Net income $ 11,137 $ 10,065
========= =========
Weighted average shares outstanding during the period 12,949 13,312
Shares issuable in connection with stock plans less shares
purchasable with proceeds using the average per share purchase
price for the respective periods as shown below 401 287
--------- ---------
Total common and common equivalent shares - primary 13,350 13,599
========= =========
Primary earnings per common and common equivalent share $ .83 $ .74
========= =========
Average share price for the period $ 46.89 $ 37.63
========= =========
Fully diluted calculation:
Net income $ 11,137 $ 10,065
========= =========
Weighted average shares outstanding during the period 12,949 13,312
Shares issuable in connection with stock plans less shares
purchasable with proceeds using the higher of the
average or period end share price as shown below 404 353
--------- ---------
Total common and common equivalent shares - fully diluted 13,353 13,665
========= =========
Fully diluted earnings per common and common equivalent share .83 .74
Higher of average or period end share price $ 47.13 $ 41.75
========= =========