1 PAGE 13 EXHIBIT 11 COMPUTATION OF NET EARNINGS PER SHARE AND COMMON SHARE EQUIVALENTS (Unaudited) (In thousands, except per share data) Earnings per share were computed using the weighted average number of shares outstanding plus, when dilutive, incremental shares issuable upon exercise of outstanding options using the treasury stock method. Three Months Ended Nine Months Ended ----------------------------- -------------------------- Dec. 27, Dec. 28, Dec. 27, Dec. 28, 1997 1996 1997 1996 ------------ ------------ ------------ ------------ Net earnings $ 72 $ 773 $ 908 $ 1,911 ============ ============ ============ ============ Weighted average: Common shares outstanding 4,320 4,306 4,318 4,298 Common shares equivalents 93 80 59 78 ------------ ------------ ------------ ------------ Common shares assuming dilution 4,413 4,386 4,377 4,376 ============ ============ ============ ============ Net earnings per share of common stock $ 0.02 $ 0.18 $ 0.21 $ 0.44 ============ ============ ============ ============ Net earnings per share of common stock assuming dilution $ 0.02 $ 0.18 $ 0.21 $ 0.44 ============ ============ ============ ============ Number of stock options not included in the computation of diluted EPS because the option's exercise price was greater than the average market price of common stock --- 75 165 25 ============ ============ ============ ============