1
Exhibit 11
CALCULATION OF EARNINGS
PER SHARE OF COMMON STOCK
(In thousands of shares)
Thirteen Weeks Ended Thirty-nine Weeks Ended
------------------------- ---------------------------------
Sep. 29, Oct. 1, Sep. 29, Oct. 1,
1996 1995 1996 1995
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Number of shares of
Class A and Class B
stock outstanding
at beginning of
period 10,963 11,041 11,005 11,346
Issuance of shares of
Class B common stock
(weighted), net of
forfeiture of restricted stock awards 1 1 2 19
Repurchase of Class B
common stock (weighted) (7) (36) (32) (266)
Unexercised stock option
equivalent shares computed under the "treasury
stock method" 18 13 15 9
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Shares used in the
computation of primary
earnings per share 10,975 11,019 10,990 11,108
Adjustment to reflect fully
dilution computation (1) -- -- -- --
10,975 11,019 10,990 11,108
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Net income available for
common shares $ 54,913 $ 41,793 $ 154,871 $ 137,205
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Primary earnings per
share $ 5.00 $ 3.79 $ 14.09 $ 12.35
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Fully diluted earnings
per share (1) $ 5.00 $ 3.79 $ 14.09 $ 12.35
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(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.