1 EXHIBIT 11 CALCULATION OF EARNINGS PER SHARE OF COMMON STOCK (In thousands of shares) Thirteen Weeks Ended Twenty-Six Weeks Ended ----------------------------- ----------------------------- June 28, June 29, June 28, June 29, 1998 1997 1998 1997 -------- -------- -------- -------- Number of shares of Class A and Class B Common stock outstanding at beginning of period 10,081 10,805 10,089 10,910 Issuance of shares of Class B common stock (weighted), net of forfeiture of re- stricted stock awards 10 2 8 19 Repurchase of Class B common stock (weighted) (3) (64) (11) (132) ----- ------ ------ ------ Shares used in the computation of basic earnings per share 10,088 10,743 10,086 10,797 Adjustment to reflect dilution from common stock equivalents 48 29 46 22 ------ ------ ------ ------- Shares used in the computation Of diluted earnings per share 10,136 10,772 10,132 10,819 ------ ------ ------ ------- Net income available for common shares $63,543 $71,118 $270,940 $118,334 ------ ------ ------- ------- Basic earnings per common share $6.30 $ 6.62 $26.86 $10.96 ---- ----- ----- ----- Diluted earnings per common share $6.27 $ 6.60 $26.74 $10.94 ---- ----- ----- -----