1
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
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October 29, October 30,
1994 1993
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PRIMARY EARNINGS PER SHARE:
Earnings (loss) before cumulative effect of accounting change $ 4,075 $ 3,536
Cumulative effect of accounting change - -
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Net earnings (loss) $ 4,075 $ 3,536
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Weighted average shares of common stock outstanding during the period 9,167,349 9,034,943
Incremental shares from assumed exercise of stock options (primary) 159,688 186,138
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9,327,037 9,221,081
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Primary earnings (loss) per common share:
Loss before cumulative effect of accounting change $ 0.44 $ 0.38
Cumulative effect of accounting change - -
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Net earnings (loss) $ 0.44 $ 0.38
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FULLY DILUTED EARNINGS PER SHARE:
Earnings (loss) before cumulative effect of accounting change $ 4,075 $ 3,536
Interest expense applicable to 6 1/4% convertible subordinated debentures,
net of tax 548 556
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4,623 4,092
Cumulative effect of accounting change - -
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Net earnings (loss) $ 4,623 $ 4,092
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Weighted average shares of common stock outstanding during the period 9,167,349 9,034,943
Incremental shares from assumed exercise of stock options (fully diluted) 220,529 210,818
Incremental shares from assumed conversion of 6 1/4% convertible
subordinated debentures 1,168,882 1,168,882
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10,556,760 10,414,643
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Fully diluted earnings (loss) per common share:
Earnings (loss) before cumulative effect of accounting change $ 0.44 $ 0.39
Cumulative effect of accounting change - -
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Net earnings (loss) $ 0.44 $ 0.39
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Thirty-Nine Weeks Ended
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October 29, October 30,
1994 1993
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PRIMARY EARNINGS PER SHARE:
Earnings (loss) before cumulative effect of accounting change $ (2,380) $ (3,581)
Cumulative effect of accounting change - 399
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Net earnings (loss) $ (2,380) $ (3,182)
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Weighted average shares of common stock outstanding during the period 9,138,856 9,077,830
Incremental shares from assumed exercise of stock options (primary) 181,342 190,226
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9,320,198 9,268,056
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Primary earnings (loss) per common share:
Loss before cumulative effect of accounting change $ (0.26) $ (0.38)
Cumulative effect of accounting change - 0.04
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Net earnings (loss) $ (0.26) $ (0.34)
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FULLY DILUTED EARNINGS PER SHARE:
Earnings (loss) before cumulative effect of accounting change $ (2,380) $ (3,581)
Interest expense applicable to 6 1/4% convertible subordinated debentures,
net of tax 1,643 1,670
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(737) (1,911)
Cumulative effect of accounting change - 399
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Net earnings (loss) $ (737) $ (1,512)
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Weighted average shares of common stock outstanding during the period 9,138,856 9,077,830
Incremental shares from assumed exercise of stock options (fully diluted) 220,529 205,640
Incremental shares from assumed conversion of 6 1/4% convertible
subordinated debentures 1,168,882 1,168,882
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10,528,267 10,452,352
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Fully diluted earnings (loss) per common share:
Earnings (loss) before cumulative effect of accounting change $ (0.07) $ (0.18)
Cumulative effect of accounting change - 0.04
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Net earnings (loss) $ (0.07) $ (0.14)
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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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