1 Exhibit 11 CALCULATION OF EARNINGS PER SHARE OF COMMON STOCK (In thousands of shares) Thirteen Weeks Ended Twenty-Six Weeks Ended ----------------------- ----------------------- June 30, July 2, June 30, July 2, 1996 1995 1996 1995 -------- ------ -------- ------- Number of shares of Class A and Class B stock outstanding at beginning of period 10,986 11,109 11,005 11,346 Issuance of shares of Class B common stock (weighted), net of forfeiture of re- stricted stock awards -- -- 1 18 Repurchase of Class B common stock (weighted) (16) (34) (23) (219) Unexercised stock option equivalent shares com- puted under the "treasury stock method" -- 9 15 7 ------ ------ ------ ------ Shares used in the computation of primary earnings per share 10,970 11,084 10,998 11,152 Adjustment to reflect fully dilution computation (1) -- -- -- -- 10,970 11,084 10,998 11,152 ------ ------ ------ ------ Net income available for common stock $63,218 $51,514 $99,958 $95,412 ------ ------ ------ ------ Primary earnings per share $ 5.76 $ 4.65 $ 9.09 $ 8.56 ----- ----- ----- ----- Fully diluted earnings per share (1) $ 5.76 $ 4.65 $ 9.09 $ 8.56 ----- ----- ----- ----- (1) This computation is submitted although it is not required by Accounting Principles Board Opinion No. 15 since it results in dilution of less than 3 percent.