1 EXHIBIT 11 - COMPUTATION OF NET INCOME PER SHARE Quarter Ended Two Quarters Ended ---------------------------- -------------------------- December 31, December 25, December 31, December 25, 1993 1992 1993 1992 ---------- ---------- ---------- ---------- (In millions except per share amounts) Primary: Average shares outstanding 39.9 39.4 39.8 39.4 ===== ===== ===== ===== Income before cumulative effect of change in accounting principle $30.0 $25.4 $54.7 $46.1 Cumulative effect of change in accounting principle - - (10.1) - ----- ----- ----- ----- Net income $30.0 $25.4 $44.6 $46.1 ===== ===== ===== ===== Per share amounts: Income before cumulative effect of change in accounting principle $.75 $.64 $1.37 $1.17 Cumulative effect of change in accounting principle - - (.25) - ---- ---- ----- ----- Total $.75 $.64 $1.12 $1.17 ==== ==== ===== ===== Fully diluted: Total primary average shares outstanding 39.9 39.4 39.8 39.4 Dilutive stock options and employee stock purchase plan shares - based on treasury stock method using the greater of quarter-end market price or average market price .2 .1 .2 .1 ----- ----- ----- ----- Average fully diluted shares outstanding 40.1 39.5 40.0 39.5 ===== ===== ===== ===== Per share amounts: Income before cumulative effect of change in accounting principle $.75 $.64 $1.36 $1.17 Cumulative effect of change in accounting principle - - (.25) - ---- ---- ----- ----- Total $.75 $.64 $1.11 $1.17 ==== ==== ===== =====