1 EXHIBIT 11.1 COMPUTATION OF EARNINGS PER COMMON SHARE EQUIVALENTS Fiscal Year Ended ---------------------------------------------------------------------------- August 29, August 28, August 27, August 26, August 31, 1992 1993 1994 1995 1996 ---------------------------------------------------------------------------- (in thousands except per share data) PRIMARY: Average shares outstanding 138,794 142,590 144,754 146,189 148,476 Net effect of dilutive stock options, based on the treasury stock method, using average fair market value 7,146 5,018 3,972 3,113 2,762 ------------------------------------------------------------------------ Total shares used in computation 145,940 147,608 148,726 149,302 151,238 ======================================================================== Net income $ 63,288 $ 86,935 $ 116,386 $ 138,781 $ 167,165 ======================================================================== Net income per share $ 0.43 $ 0.59 $ 0.78 $ 0.93 $ 1.11 ======================================================================== FULLY DILUTED: Average shares outstanding 138,794 142,590 144,754 146,189 148,476 Net effect of dilutive stock options, based on the treasury stock method, using higher of average or year-end fair market value 7,146 5,284 3,972 3,155 2,762 ------------------------------------------------------------------------ Total shares used in computation 145,940 147,874 148,726 149,344 151,238 ======================================================================== Net income $ 63,288 $ 86,935 $ 116,386 $ 138,781 $ 167,165 ======================================================================== Net income per share $ 0.43 $ 0.59 $ 0.78 $ 0.93 $ 1.11 ========================================================================