Exhibit 11 Computation of Earnings per Share (unaudited) Fiscal Quarters Ended Six Months Ended ---------------------------------- ---------------------------- September 27, September 29, September 27, September 29, 1996 1995 1996 1995 ---- ---- ---- ---- Weighted average common shares outstanding 4,267,000 4,148,100 4,247,900 4,126,600 Dilutive effect of common equivalent shares (a) 448,300 385,500 452,100 354,300 --------- --------- --------- --------- Primary average shares outstanding 4,715,300 4,533,600 4,700,000 4,480,900 Effect of change in share price (b) 38,100 81,000 30,800 54,200 ---------- ----------- ---------- ---------- Fully diluted weighted average shares outstanding 4,753,400 4,614,600 4,730,800 4,535,100 ========== =========== ========== ========== Net income $1,355,700 $ 985,200 $2,689,800 $1,804,000 ========== =========== ========== ========== Primary earnings per share $ 0.29 $ 0.22 $ 0.57 $ 0.40 ========== =========== ========== ========== Fully diluted earnings per share $ 0.29 $ 0.21 $ 0.57 $ 0.40 ========== =========== ========== ========== (a) Calculates the dilutive effect of outstanding stock options based upon the Treasury Stock Method. (b) Represents the impact on the treasury stock method of the difference between the average share price during the period and the ending share price for the period.