1 EXHIBIT 11 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS 21 2 EXHIBIT 11: COMPUTATION OF EARNINGS PER SHARE 52 Weeks Ended 52 Weeks Ended 52 Weeks Ended January 28, 1996 January 29, 1995 January 30, 1994 ---------------- ---------------- ---------------- Net earnings $ 2,536,000 $19,572,000 $11,221,000 ----------- ----------- ----------- Average shares of common stock outstanding during period 25,362,000 25,155,000 25,015,000 Incremental shares from assumed exercise of stock options (primary) 776,000 972,000 479,000 ----------- ----------- ----------- 26,138,000 26,127,000 25,494,000 ----------- ----------- ----------- Primary earnings per share $0.10 $0.75 $0.44 ===== ===== ===== Average shares of common stock outstanding during period 25,362,000 25,155,000 25,015,000 Incremental shares from assumed exercise of stock options (fully diluted) 792,000 1,001,000 539,000 ----------- ----------- ----------- 26,154,000 26,156,000 25,554,000 ----------- ----------- ----------- Fully diluted earnings per share $0.10 $0.75 $0.44 ===== ===== ===== Note: Amounts have been restated to reflect the 3-for-2 stock splits in February 1994 and September 1994. 22