Exhibit 11.1
EARNINGS PER SHARE COMPUTATIONS
THREE MONTH PERIODS ENDED
SEPTEMBER 27, SEPTEMBER 28,
1997 1996
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PRIMARY EARNINGS PER SHARE:
Net income $ 1,618 $ 439
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Shares:
Weighted average common shares outstanding 14,809,787 6,365,350
Effect of shares issuable under stock option and stock grant plans,
based on the treasury stock method 1,129,803 931,822
Effect of shares issuable under conversion of preferred stock - if
converted method (for 1996 the "if converted" method is applied from
the beginning of the period to the actual conversion date of the
preferred stock of January 19, 1996) - 1,734,702
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Adjusted common shares and equivalents 15,939,590 9,031,874
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Earnings per share - primary $.10 $.05
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FULLY DILUTED EARNINGS PER SHARE:
Net income $1,618 $439
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Shares:
Weighted average common shares outstanding 14,809,787 6,365,350
Effect of shares issuable under stock option and stock grant plans,
based on the treasury stock method 1,215,011 946,367
Effect of the shares issuable under conversion of the convertible
notes - if converted method - 2,300,000
Effect of shares issuable under conversion of preferred stock -
if converted method (for 1996 the "if converted" method is applied
from the beginning of the period to the actual conversion date of the
preferred stock of January 19, 1996) - 1,734,702
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Adjusted common shares and equivalents 16,024,798 11,346,419
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Earnings per share - fully diluted $.10 $.04
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EARNINGS PER SHARE COMPUTATIONS
NINE MONTH PERIODS ENDED
SEPTEMBER 27, SEPTEMBER 28,
1997 1996
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PRIMARY EARNINGS PER SHARE:
Net income $1,469 $562
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Shares:
Weighted average common shares outstanding 12,784,898 6,365,350
Effect of shares issuable under stock option and stock grant plans,
based on the treasury stock method 1,052,295 820,189
Effect of shares issuable under conversion of preferred stock - if
converted method (for 1996 the "if converted" method is applied from
the beginning of the period to the actual conversion date of the
preferred stock of January 19, 1996) - 1,613,972
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Adjusted common shares and equivalents 13,837,193 8,799,511
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Earnings per share - primary $.11 $.06
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FULLY DILUTED EARNINGS PER SHARE:
Net income $1,469 $562
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Shares:
Weighted average common shares outstanding 12,784,898 6,365,350
Effect of shares issuable under stock option and stock grant plans,
based on the treasury stock method 1,206,459 896,910
Effect of shares issuable under conversion of convertible notes - if
converted method - 1,920,879
Effect of shares issuable under conversion of preferred stock - if
converted method (for 1996 the "if converted" method is applied from
the beginning of the period to the actual conversion date of the
preferred stock of January 19, 1996) - 1,613,972
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Adjusted common shares and equivalents 13,991,357 9,183,139
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Earnings per share - fully diluted $.10 $.06
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