1 EXHIBIT 11 BACK YARD BURGERS, INC. COMPUTATION OF INCOME PER SHARE (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED ---------------------- ---------------------- JULY 3, JULY 4, JULY 3, JUNE 28, 1999 1998 1999 1997 ------ ------ ------ ------ Net Income $ 87 $ 366 $ 129 $ 531 ====== ====== ====== ====== Weighted average number of common shares outstanding during the period 4,605 4,580 4,603 4,475 ====== ====== ====== ====== Basic income per share $ .02 $ .08 $ .03 $ .12 ====== ====== ====== ====== Weighted average number of common shares outstanding during the period 4,605 4,580 4,603 4,475 Preferred shares convertible to common shares 23 27 23 116 Stock options 6 88 9 77 ------ ------ ------ ------ 4,634 4,695 4,635 4,668 ====== ====== ====== ====== Diluted income per share $ .02 $ .08 $ .03 $ .11 ====== ====== ====== ======