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EXHIBIT NO. 11
COMPUTATION OF EARNINGS PER COMMON SHARE
FABRI-CENTERS OF AMERICA, INC.
(THOUSANDS OF DOLLARS, EXCEPT SHARE AND PER SHARE DATA)
THIRTEEN WEEKS ENDED THIRTY-NINE WEEKS ENDED
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OCTOBER 28, OCTOBER 29, OCTOBER 28, OCTOBER 29,
1995 1994 1995 1994
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PRIMARY EARNINGS PER SHARE:
Net earnings (loss) $ 5,969 $ 4,075 $ 2,913 $ (2,380)
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Weighted average shares of common stock
outstanding during the period 18,437,201 18,334,698 18,394,136 18,277,712
Incremental shares from assumed exercise of
stock options - primary 1,094,986 319,376 820,683 362,684
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19,532,187 18,654,074 19,214,819 18,640,396
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Primary earnings (loss) per common share $ 0.31 $ 0.22 $ 0.15 $ (0.13)
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EARNINGS PER SHARE ASSUMING FULL
DILUTION:
Net earnings (loss) $ 5,969 $ 4,075 $ 2,913 $ (2,380)
Interest expense applicable to 6 1/4%
convertible subordinated debentures,
net of tax 548 548 1,643 1,643
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Net earnings (loss) $ 6,517 $ 4,623 $ 4,556 $ (737)
=========== ============= =========== ============
Weighted average shares of common stock
outstanding during the period 18,437,201 18,334,698 18,394,136 18,277,712
Incremental shares from assumed exercise of
stock options - fully diluted 1,156,116 441,058 914,191 441,058
Incremental shares from assumed conversion of
6 1/4% convertible subordinated debentures 2,337,764 2,337,764 2,337,764 2,337,764
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21,931,081 21,113,520 21,646,091 21,056,534
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Earnings (loss) per common share assuming
full dilution $ 0.30 $ 0.22 (a) $ 0.21 (a) $ (0.04) (a)
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<FN>
(a) 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.
Note: The amount of shares for the periods ended October 29, 1994 have been
restated to give effect to the Company's recapitalization amendment, which
has been accounted for as if it were a two-for-one stock split.
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