1 EXHIBIT 11 CALCULATION OF EARNINGS PER SHARE OF COMMON STOCK (In thousands of shares) Thirteen Weeks Ended ----------------------------------- March 30, March 31, 1997 1996 --------- -------- Number of shares of Class A and Class B common stock outstanding at beginning of period 10,910 11,005 Issuance of shares of Class B common stock (weighted), net of forfeiture of restricted stock awards 15 1 Repurchase of Class B common stock (weighted) (82) (9) Unexercised stock option equivalent shares computed under the "treasury stock method" 23 14 ------ ------ Shares used in the computation of primary earnings per common share 10,866 11,011 Adjustment to reflect fully diluted computation (1) -- -- ------ ------ 10,866 11,011 ------ Net income available for common shares $47,216 $36,740 ------ ------ Primary earnings per common share $ 4.35 $ 3.34 ------ ------ Fully diluted earnings per common share (1) $ 4.35 $ 3.34 ------ ------ (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.