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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)
APRIL 29, APRIL 30,
THIRTEEN WEEKS ENDED 1995 1994
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PRIMARY EARNINGS PER SHARE:
Net earnings (loss) $ 278 $ (1,256)
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Weighted average shares of common stock outstanding during the period 9,185,731 9,118,896
Incremental shares from assumed exercise of stock options - primary 282,580 228,177
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9,468,311 9,347,073
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Primary earnings (loss) per common share $ 0.03 $ (0.13)
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FULLY DILUTED EARNINGS PER SHARE:
Net earnings (loss) $ 278 $ (1,256)
Interest expense applicable to 6 1/4% convertible subordinated
debentures,net of tax 548 548
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Net earnings (loss) $ 826 $ (708)
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Weighted average shares of common stock outstanding during the period 9,185,731 9,118,896
Incremental shares from assumed exercise of stock options - fully diluted 321,946 231,787
Incremental shares from assumed conversion of 6 1/4% convertible
subordinated debentures 1,168,882 1,168,882
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10,676,559 10,519,565
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Fully diluted earnings (loss) per common share $ 0.08 $ (0.07)
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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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