1
EXHIBIT 11
THRIFT MANAGEMENT, INC. AND SUBSIDIARIES
EXHIBIT 11 -- STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
The following table presents the computation of basic and diluted losses per
share:
Three Months Ended Nine Months Ended
----------------------------- -----------------------------
September 24, September 26, September 24, September 26,
2000 1999 2000 1999
------------- ------------- ------------- -------------
Numerator:
Net (loss) $ (505,152) $ (196,235) $(1,465,434) $ (334,449)
----------- ----------- ----------- -----------
Denominator:
Denominator for basic loss per
share--weighted-average shares 2,547,210 2,191,480 2,465,710 2,191,480
Effect of dilutive securities:
Stock options -- 191,499 -- 191,499
----------- ----------- ----------- -----------
Denominator for diluted loss per share 2,547,210 2,382,979 2,465,710 2,382,979
=========== =========== =========== ===========
(Loss) per share:
Basic $ (0.20) $ (0.09) $ (0.59) $ (0.15)
=========== =========== =========== ===========
Diluted $ (0.20) $ (0.08) $ (0.59) $ (0.14)
=========== =========== =========== ===========