1 EXHIBIT 11.1 DM MANAGEMENT COMPANY AND SUBSIDIARY FORM 10-Q FOR QUARTER ENDED SEPTEMBER 28, 1996 COMPUTATION OF PER SHARE EARNINGS THREE MONTHS ENDED -------------------------------- SEPTEMBER 28, SEPTEMBER 30, 1996 1995 ------------- ------------- Primary - ------- Weighted average shares of common stock outstanding during the period ... 4,311,779 4,261,553 Adjustments: Assumed exercise of options .......................................... 418,624 304,693 --------- --------- 4,730,403 4,566,246 ========= ========= THREE MONTHS ENDED --------------------------------- SEPTEMBER 28, SEPTEMBER 30, 1996 1995 ------------ ------------- Fully Diluted - ------------- Weighted average shares of common stock outstanding during the period ... 4,311,779 4,261,553 Adjustments: Assumed exercise of options .......................................... 418,680 304,693 --------- --------- 4,730,459 4,566,246 ========= =========