COMPUTATION OF NET EARNINGS PER SHARE - EXHIBIT 11
(Amount in thousands, except share and per share data)
Year Ended
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July 25 July 26 July 28
1997 1996 1995
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Primary:
Average number of shares of
common stock outstanding 5,351,991 5,351,931 5,369,216
Additional shares assuming
exercise of dilutive
stock options 4,390 721 973
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Total 5,356,381 5,352,652 5,370,189
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Net earnings $1,326 $987 $3,574
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Per share amount $0.25 $0.18 $0.67
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Fully Diluted:
Average number of shares of
common stock outstanding 5,351,991 5,351,931 5,369,216
Additional shares assuming
exercise of dilutive
stock options 4,470 1,734 3,728
--------- --------- ---------
Total 5,356,461 5,353,665 5,372,944
========= ========= =========
Net earnings $1,326 $987 $3,574
========= ========= =========
Per share amount $0.25 $0.18 $0.67
========= ========= =========
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