1
Exhibit 11.1
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
(in thousands, except per share data)
Twelve Weeks Ended Twenty-four Weeks Ended
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Feb. 15 Feb. 10, Feb. 15 Feb. 10,
1997 1996 1997 1996
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Primary:
Average shares outstanding .......... 150,509 147,487 150,385 147,323
Net effect of dilutive stock options,
based on the treasury stock
method, using average
fair market value ................. 1,742 2,599 1,879 2,636
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Total shares used in computation .... 152,251 150,086 152,264 149,959
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Net income .......................... $ 29,407 $ 27,324 $ 67,382 $ 62,121
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Per share amount .................... $ .19 $ .18 $ .44 $ .41
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Fully diluted:
Average shares outstanding .......... 150,509 147,487 150,385 147,323
Net effect of dilutive stock options,
based on the treasury stock method,
using higher of average or ending
fair market value ................. 1,785 2,617 1,879 2,713
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Total shares used in computation .... 152,294 150,104 152,264 150,036
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Net income .......................... $ 29,407 $ 27,324 $ 67,382 $ 62,121
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Per share amount .................... $ .19 $ .18 $ .44 $ .41
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