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EXHIBIT 11
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
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EXHIBIT 11: COMPUTATION OF EARNINGS (LOSS) PER SHARE
Thirteen Weeks Ended
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May 4, April 28,
1997 1996
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Net earnings (loss) $ 1,388,443 $ (2,378,000)
Average shares of common stock
outstanding during the period 25,548,791 25,432,398
Incremental shares from assumed
exercise of stock options (primary) 1,037,898 *
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26,586,689 25,432,398
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Primary earnings (loss) per share $ 0.05 $ (0.09)
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Average shares of common stock
outstanding during the period 25,548,791 25,432,398
Incremental shares from assumed
exercise of stock options (fully
diluted) ** 1,145,216 *
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26,694,006 25,432,398
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Fully diluted earnings (loss) per share $ 0.05 $ (0.09)
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* Incremental shares from assumed exercise of stock options and convertible
debt are antidilutive for primary and fully diluted loss per share, and
therefore not presented.
** Incremental shares from assumed conversion of convertible debt are
antidilutive for fully diluted earnings per share.