1 Exhibit 11 Statement re: computation of per share earnings - ------------------------------------------------ Thirteen Weeks Ended Twenty-six Weeks Ended March 30, March 31, March 30, March 31, 1997 1996 1997 1996 ---------- ---------- ---------- ---------- Weighted average shares outstanding 12,212,571 12,783,843 12,207,780 13,004,728 Common Stock equivalents: Stock options 58,056 46,886 67,682 68,119 ---------- ---------- ---------- ---------- 12,270,627 12,830,729 12,275,462 13,072,847 ========== ========== ========== ========== Net Income (Loss) $815,000 ($2,642,000) $1,907,000 ($2,097,000) ========== ========== ========== ========== EARNINGS PER COMMON SHARE $ .07 $ (.21) .16 (.16) ========== ========== ========== ========== 14