1
EXHIBIT 11
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
2
EXHIBIT 11: COMPUTATION OF EARNINGS PER SHARE
Thirteen Weeks Ended Thirty-Nine Weeks Ended
October 27, October 29, October 27, October 29,
1996 1995 1996 1995
---- ---- ---- ----
Net earnings (loss) $ 231,000 $ (3,669,000) $ (2,770,000) $ (4,809,000)
Average shares of common stock outstanding
during the period 25,499,092 25,377,608 25,452,830 25,353,623
Incremental shares from assumed exercise of
stock options (primary) 954,129 (*) (*) (*)
---------- ------------ ------------ ------------
26,453,221 25,377,608 25,452,830 25,353,623
---------- ------------ ------------ ------------
Primary earnings (loss) per share $ 0.01 $ (0.14) $ (0.11) $ (0.19)
========== ============ ============ ============
Average shares of common stock outstanding
during the period 25,499,092 25,377,608 25,452,830 25,353,623
Incremental shares from assumed exercise of
stock options (fully diluted) 1,011,409 (*) (*) (*)
----------- ------------ ------------ ------------
(**)26,510,502 25,377,608 25,452,830 25,353,623
Fully diluted earnings (loss) per share $ 0.01 $ (0.14) $ (0.11) $ (0.19)
========== ============ ============ ============
* Incremental shares from assumed exercise of stock options and
convertible debt are antidilutive for primary and fully diluted loss per share.
** Incremental shares from conversion of convertible debt are antidilutive
for fully diluted earnings per share.