1
Exhibit 11
CALCULATION OF EARNINGS
PER SHARE OF COMMON STOCK
(In thousands of shares)
Thirteen Weeks Ended Thirty-nine Weeks Ended
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Sep. 28, Sep. 29, Sep. 28, Sep. 29,
1997 1996 1997 1996
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Number of shares of
Class A and Class B
stock outstanding
at beginning of
period 10,715 10,963 10,910 11,005
Issuance of shares of
Class B common stock
(weighted), net of
forfeiture of restricted stock awards -- 1 19 2
Repurchase of Class B
common stock (weighted) (7) (7) (163) (32)
Unexercised stock option
equivalent shares computed under the
"treasury stock method" 35 18 28 15
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Shares used in the
computation of primary
earnings per common share 10,743 10,975 10,794 10,990
Adjustment to reflect fully
dilution computation (1) -- -- -- --
10,743 10,975 10,794 10,990
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Net income available for
common shares $ 71,312 $ 54,913 $ 189,646 $ 154,871
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Primary earnings per common
share $ 6.64 $ 5.00 $ 17.57 $ 14.09
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Fully diluted earnings
per common share (1) $ 6.64 $ 5.00 $ 17.57 $ 14.09
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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.