1 EXHIBIT 11 BACK YARD BURGERS, INC. COMPUTATION OF INCOME PER SHARE (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED) THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED ---------------------------- ---------------------------- OCTOBER 2, OCTOBER 3, OCTOBER 2, OCTOBER 3, 1999 1998 1999 1998 ---------- ---------- ---------- ---------- Net Income $ 103 $ 210 $ 232 $ 741 ----- ----- ----- ----- Weighted average number of common shares outstanding during the period 4,612 4,590 4,606 4,513 ===== ===== ===== ===== Basic income per share $ .02 $ .05 $ .05 $ .16 ===== ===== ===== ===== Weighted average number of common shares outstanding during the period 4,612 4,590 4,606 4,513 Preferred shares convertible to common shares 20 23 22 85 Stock options 31 47 17 62 ----- ----- ----- ----- 4,663 4,660 4,645 4,660 ===== ===== ===== ===== Diluted income per share $ .02 $ .05 $ .05 $ .16 ===== ===== ===== =====