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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 26, October 28, October 26, October 28,
1996 1995 1996 1995
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PRIMARY EARNINGS PER SHARE:
Net earnings $ 7,961 $ 5,969 $ 6,615 $ 2,913
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Weighted average shares of common stock outstanding
during the period 17,812,547 18,437,201 17,952,262 18,394,136
Incremental shares from assumed exercise of stock
options - primary 705,578 1,094,986 629,777 820,683
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18,518,125 19,532,187 18,582,039 19,214,819
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Primary earnings per common share $ 0.43 $ 0.31 $ 0.36 $ 0.15
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EARNINGS PER SHARE ASSUMING
FULL DILUTION:
Net earnings $ 7,961 $ 5,969 $ 6,615 $ 2,913
Interest expense applicable to 6 1/4% convertible
subordinated debentures, net of tax 556 548 1,669 1,643
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Net earnings $ 8,517 $ 6,517 $ 8,284 $ 4,556
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Weighted average shares of common stock outstanding
during the period 17,812,547 18,437,201 17,952,262 18,394,136
Incremental shares from assumed exercise of stock
options - fully diluted 709,539 1,156,116 651,250 914,191
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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20,859,850 21,931,081 20,941,276 21,646,091
=========== =========== =========== ===========
Net earnings per common share
assuming full dilution (a) $ 0.41 $ 0.30 $ 0.40 $ 0.21
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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 for the thirty-nine
weeks ended October 26, 1996 and October 28, 1995.
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