1 EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE (Dollars in thousands except share and per share data) Three Months Ended Nine Months Ended ---------------------------------- ------------------------------------- July 5, 1997 June 29, 1996 July 5, 1997 June 29, 1996 ------------ ------------- ------------ ------------- Average shares outstanding 13,137,999 13,660,755 13,135,333 13,904,896 Net income $ 5,283 $ 3,881 $ 7,946 $ 4,605 =========== =========== =========== ============ Earnings per share of common stock $ .40 $ .28 $ .60 $ 0.33 =========== =========== =========== =========== The dilutive effect of stock options, calculated using the treasury stock method, was less than 1.5% during all periods presented.