Exhibit 11
Computation of Earnings per Common and Common Equivalent Share
(In thousands except per share amounts)
Quarters Ended Six Months Ended
September 28 September 29 September 28 September 29
1997 1996 1997 1996
------------ ------------ ------------ ------------
Primary calculation:
Net income $ 15,920 $ 12,827 $ 30,578 $ 22,731
--------- --------- --------- ----------
--------- --------- --------- ----------
Weighted average shares outstanding
during the period 13,040 13,002 13,023 12,976
Shares issuable in connection with
stock plans less shares purchasable
with proceeds using the average per
share purchase price for the
respective periods as shown below 456 419 384 407
--------- --------- --------- ----------
Total common and common equivalent
shares - primary 13,496 13,421 13,407 13,383
--------- --------- --------- ----------
--------- --------- --------- ----------
Primary earnings per common and
common equivalent share $ 1.18 $ .96 $ 2.28 $ 1.70
--------- --------- --------- ----------
--------- --------- --------- ----------
Average share price for the period $ 59.12 $ 49.65 $ 52.52 $ 48.24
--------- --------- --------- ----------
--------- --------- --------- ----------
Fully diluted calculation:
Net income $ 15,920 $ 12,827 $ 30,578 $ 22,731
--------- --------- --------- ----------
--------- --------- --------- ----------
Weighted average shares outstanding
during the period 13,040 13,002 13,023 12,976
Shares issuable in connection with
stock plans less shares purchasable
with proceeds using the higher of the
average or period end share price as
shown below 495 455 494 460
--------- --------- --------- ----------
Total common and common equivalent
shares - fully diluted 13,535 13,457 13,517 13,436
--------- --------- --------- ----------
--------- --------- --------- ----------
Fully diluted earnings per common
and common equivalent share $ 1.18 $ .95 $ 2.26 $ 1.69
--------- --------- --------- ----------
--------- --------- --------- ----------
Higher of average or period
end share price $ 63.25 $ 52.38 $ 63.25 $ 52.38
--------- --------- --------- ----------
--------- --------- --------- ----------