1 EXHIBIT 11: COMPUTATION OF EARNINGS (LOSS) PER SHARE Thirteen Weeks Ended Twenty-Six Weeks Ended -------------------- ---------------------- August 3, July 28, August 3, July 28, 1997 1996 1997 1996 ---- ---- ---- ---- Net earnings (loss) $ 2,417,000 $ (622,000) $ 3,806,000 $ (3,000,000) Average shares of common stock outstanding during the period 25,600,314 25,459,808 25,585,681 25,441,935 Incremental shares from assumed exercise of stock options (primary) 1,201,663 * 1,092,487 * ----------- ------------ ----------- ------------ 26,801,977 25,459,808 26,678,168 25,441,935 ----------- ------------ ----------- ------------ Primary earnings (loss) per share $ 0.09 $ (0.02) $ 0.14 $ (0.12) =========== ============ =========== ============ Average shares of common stock outstanding during the period 25,600,314 25,459,808 25,585,681 25,441,935 Incremental shares from assumed exercise of stock options (fully **1,284,220 * **1,191,551 * diluted) ----------- ------------ ----------- ------------ 26,884,534 25,459,808 26,777,232 25,441,935 ----------- ------------ ----------- ------------ Fully diluted earnings (loss) per share $ 0.09 $ (0.02) $ 0.14 $ (0.12) =========== ============ =========== ============ * 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.