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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
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APRIL 1, MARCH 26,
2001 2000
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Numerator:
Net (loss) before extraordinary gain $ (102,437) $ (260,014)
Extraordinary gain on debenture settlement 408,552 --
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Net income (loss) $ 306,115 $ (260,014)
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Denominator:
Denominator for basic income (loss) per
share - weighted-average shares 2,897,210 2,343,460
Effect of dilutive securities:
Stock options 47,437 --
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Denominator for diluted income (loss) per share 2,944,647 2,343,460
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Income (Loss) per share:
Basic
Net (loss) before extraordinary gain $ (0.03) $ (0.11)
Extraordinary gain on debenture settlement 0.14 --
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Net income (loss) $ 0.11 $ (0.11)
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Diluted
Net (loss) before extraordinary gain $ (0.04) $ (0.11)
Extraordinary gain on debenture settlement 0.14 --
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Net income (loss) $ 0.10 $ (0.11)
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