1 Exhibit 11 CALCULATION OF EARNINGS PER SHARE OF COMMON STOCK (In thousands of shares) Thirteen Weeks Ended Twenty-Six Weeks Ended -------------------- ---------------------- June 29, June 30, June 29, June 30, 1997 1996 1997 1996 -------- -------- -------- -------- Number of shares of Class A and Class B stock outstanding at beginning of period 10,805 10,986 10,910 11,005 Issuance of shares of Class B common stock (weighted), net of forfeiture of re- stricted stock awards 3 -- 17 1 Repurchase of Class B common stock (weighted) (63) (16) (133) (23) Unexercised stock option equivalent shares com- puted under the "treasury stock method" 27 -- 25 15 ------- ------ ------ ------ Shares used in the computation of primary earnings per common share 10,772 10,970 10,819 10,998 Adjustment to reflect fully dilution computation (1) -- -- -- -- 10,772 10,970 10,819 10,998 ------ ------ ------ ------ Net income available for common shares $71,118 $63,218 $118,334 $99,958 ------ ------ ------- ------ Primary earnings per common share $ 6.60 $ 5.76 $ 10.94 $ 9.09 ----- ----- ----- ----- Fully diluted earnings per common share (1) $ 6.60 $ 5.76 $ 10.94 $ 9.09 ----- ----- ----- ----- (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.