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COMPUTATION OF EARNINGS PER COMMON SHARE Exhibit 11
Fabri-Centers of America, Inc.
(Thousands of dollars, except share and per share data)
Thirteen Weeks Ended Twenty-Six Weeks Ended
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July 30, July 31, July 30, July 31,
1994 1993 1994 1993
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PRIMARY EARNINGS PER SHARE:
Loss before cumulative effect of accounting change $ (5,199) $ (5,433) $ (6,455) $ (7,117)
Cumulative effect of accounting change - - - 399
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Net loss $ (5,199) $ (5,433) $ (6,455) $ (6,718)
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Weighted average shares of common stock outstanding during the period 9,130,324 9,039,439 9,124,610 9,099,274
Incremental shares from assumed exercise of stock options (primary) 156,161 175,589 192,169 192,270
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9,286,485 9,215,028 9,316,779 9,291,544
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Primary earnings (loss) per common share:
Loss before cumulative effect of accounting change $ (0.56) $ (0.59) $ (0.69) $ (0.76)
Cumulative effect of accounting change - - - 0.04
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Net loss $ (0.56) $ (0.59) $ (0.69) $ (0.72)
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FULLY DILUTED EARNINGS PER SHARE:
Loss before cumulative effect of accounting change $ (5,199) $ (5,433) $ (6,455) $ (7,117)
Interest expense applicable to 6 1/4% convertible subordinated debentures,
net of tax 548 556 1,095 1,113
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(4,651) (4,877) (5,360) (6,004)
Cumulative effect of accounting change - - - 399
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Net loss $ (4,651) $ (4,877) $ (5,360) $ (5,605)
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Weighted average shares of common stock outstanding during the period 9,130,324 9,039,439 9,124,610 9,099,274
Incremental shares from assumed exercise of stock options (fully diluted) 158,136 196,996 194,961 172,031
Incremental shares from assumed conversion of 6 1/4% convertible
subordinated debentures 1,168,882 1,168,882 1,168,882 1,168,882
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10,457,342 10,405,317 10,488,453 10,440,187
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Fully diluted earnings (loss) per common share:
Loss before cumulative effect of accounting change $ (0.44) $ (0.47) $ (0.51) $ (0.58)
Cumulative effect of accounting change - - - 0.04
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Net loss $ (0.44) $ (0.47) $ (0.51) $ (0.54)
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<FN>
Note: This calculation is submitted in accordance with Regulation S-K Item 601(b)(11) although it is contrary to
paragraph 40 of APB Opinion No. 15 because it produces an anti-dilutive result.
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