EXHIBIT 11 STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (in thousands, except per share loss) Nine Months Nine Months Ended September 28, 1997 Ended September 29, 1996 ------------------------- -------------------------- Primary Fully Diluted Primary Fully Diluted --------- ------------- --------- ------------- Average shares outstanding 8,893 8,893 8,603 8,569 Effect of dilutive stock options - 0 0 0 0 --------- ------------- --------- ------------- Totals 8,893 8,893 8,603 8,569 --------- ------------- --------- ------------- --------- ------------- --------- ------------- Net loss $(27,111) $(27,111) $(9,468) $(9,468) --------- ------------- --------- ------------- --------- ------------- --------- ------------- Loss per share $ (3.05) $ (3.05) $ (1.10) $ (1.10) --------- ------------- --------- ------------- --------- ------------- --------- ------------- Three Months Three Months Ended September 28, 1997 Ended September 29, 1996 ------------------------- -------------------------- Primary Fully Diluted Primary Fully Diluted --------- ------------- --------- ------------- Average shares outstanding 9,006 9,006 8,623 8,622 Effect of dilutive stock options 0 0 0 0 --------- ------------- --------- ------------- Totals 9,006 9,006 8,623 8,622 --------- ------------- --------- ------------- --------- ------------- --------- ------------- Net loss $(6,625) $(6,625) $(9,568) ($9,568) --------- ------------- --------- ------------- --------- ------------- --------- ------------- Loss per share $ (.74) $ (.74) $ (1.11) $(1.11) --------- ------------- --------- ------------- --------- ------------- --------- ------------- The effect of stock options are not included as they would be anti-dilutive because of the Company's net loss for the periods presented. 18