1 Exhibit 11 Statement re: computation of per share earnings Thirteen Weeks Ended Thirty-nine Weeks Ended --------------------------- ---------------------------- June 30, July 2, June 30, July 2, 1996 1995 1996 1995 ------------ ------------ ------------ ------------ Weighted average shares outstanding 12,446,168 12,185,627 12,818,541 11,634,603 Common Stock equivalents: Stock options 69,323 305,794 68,520 318,769 ------------ ------------ ------------ ------------ 12,515,491 12,491,421 12,887,061 11,953,372 ============ ============ ============ ============ Net Income(Loss) $ 1,477,000 $1,852,0000 ($ 620,000) $ 4,615,000 ============ ============ ============ ============ EARNINGS PER COMMON SHARE $ .12 $ .15 (.05) .39 ============ ============ ============ ============ 14