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EXHIBIT 11 COMPUTATION OF PER SHARE INCOME (LOSS).
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SUMMIT FAMILY RESTAURANTS INC.
COMPUTATION OF PER SHARE INCOME (LOSS)
YEARS ENDED SEPTEMBER 25, 1995, SEPTEMBER 26, 1994, AND SEPTEMBER 27, 1993
PRIMARY PER SHARE INCOME (LOSS)
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1995 1994 1993
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Average shares of common stock
outstanding during the year ........... 4,794,000 4,778,000 4,693,000
Common stock equivalents resulting
from common stock options ............. * 76,000 *
Common stock equivalents resulting from
Series A Convertible Preferred Stock .. * 869,000 --
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Average shares of common stock for
computation of per share
income (loss)......................... 4,794,000 5,723,000 4,693,000
Net income (loss) ....................... $(5,044,000) $3,756,000 $(2,314,000)
Primary per share income (loss) ......... $ (1.05) $ 0.66 $ (0.49)
FULLY DILUTED PER SHARE INCOME (LOSS)
1995 1994 1993
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Average shares of common stock
outstanding during the year (1) (1) (1)
Common stock equivalents resulting
from common stock options
Average shares of common stock for
computation of per share income (loss)
Net income (loss)
Fully diluted per share income (loss)
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(1) Fully diluted per share income (loss) and primary per share income (loss)
are the same.
* Anti-dilutive