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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 TWENTY-SIX WEEKS ENDED
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JULY 27, JULY 29, JULY 27, JULY 29,
1996 1995 1996 1995
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PRIMARY LOSS PER SHARE:
Net loss $ (2,416) $ (3,334) $ (1,346) $ (3,056)
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Weighted average shares of common stock outstanding
during the period 17,775,272 18,373,746 18,022,119 18,372,604
Incremental shares from assumed exercise of stock
options - primary 642,710 801,902 591,876 683,530
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18,417,982 19,175,648 18,613,995 19,056,134
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Primary loss per common share $ (0.13) $ (0.17) $ (0.07) $ (0.16)
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LOSS PER SHARE ASSUMING
FULL DILUTION (A):
Net loss $ (2,416) $ (3,334) $ (1,346) $ (3,056)
Interest expense applicable to 6 1/4% convertible
subordinated debentures, net of tax 556 548 1,113 1,095
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Net loss $ (1,860) $ (2,786) $ (233) $ (1,961)
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Weighted average shares of common stock outstanding
during the period 17,775,272 18,373,746 18,022,119 18,372,604
Incremental shares from assumed exercise of stock
options - fully diluted 670,868 973,222 670,868 982,986
Incremental shares from assumed conversion of 6 1/4%
convertible subordinated debentures 2,337,904 2,337,764 2,337,764 2,337,764
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20,783,904 21,684,732 21,030,751 21,693,354
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Net loss per common share
assuming full dilution $ (0.09) $ (0.13) $ (0.01) $ (0.09)
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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.
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