Exhibit 11 Computation of Earnings per Share (unaudited) Fiscal Quarters Ended Six Months Ended ---------------------------------- ---------------------------- September 26, September 27, September 26, September 27, 1997 1996 1997 1996 ---- ---- ---- ---- Weighted average common shares outstanding 4,370,800 4,267,000 4,360,300 4,247,900 Dilutive effect of common equivalent shares(a) 329,000 448,300 270,000 452,100 --------- --------- --------- --------- Primary average shares outstanding 4,699,800 4,715,300 4,630,300 4,700,000 Effect of change in share price(b) 0 38,100 17,100 30,800 ---------- ----------- ---------- ---------- Fully diluted weighted average shares outstanding 4,699,800 4,753,400 4,647,400 4,730,800 ========== =========== ========== ========== Net income $870,700 $ 1,355,700 $1,583,400 $2,689,800 ========== =========== ========== ========== Primary earnings per share $ 0.19 $ 0.29 $ 0.34 $ 0.57 ========== =========== ========== ========== Fully diluted earnings per share $ 0.19 $ 0.29 $ 0.34 $ 0.57 ========== =========== ========== ========== (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.