EXHIBIT 11
COMPUTATION OF NET INCOME PER COMMON SHARE
Sept. 28, Sept. 29, Oct. 1,
1997 1996 1995
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Primary:
Common stock outstanding, beginning of period . . . . . 17,658,752 16,544,136 16,425,055
Stock options exercised . . . . . . . . . . . . . . . . 180,759 127,032 137,370
Stock purchase plan issuance. . . . . . . . . . . . . . 123,279 -- --
Payment of fractional/cancelled shares. . . . . . . . . -- (211) (244)
Issuance of common stock. . . . . . . . . . . . . . . . 2,751,464 987,795 --
Stock purchased and retired . . . . . . . . . . . . . . -- -- (18,045)
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Common stock outstanding, end of period . . . . . . . . 20,714,254 17,658,752 16,544,136
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Preferred stock outstanding . . . . . . . . . . . . . . 1,231,840 -- --
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Weighted average common stock outstanding during the
period . . . . . . . . . . . . . . . . . . . . . . . 18,697,143 17,481,164 16,467,823
Common stock equivalents under the treasury stock
method assuming the exercise of options and
warrants and the conversion of preferred stock . . . 1,028,083 583,356 449,099
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Total . . . . . . . . . . . . . . . . . . . . . . 19,725,226 18,064,520 16,916,922
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Net income as reported in consolidated financial
statements . . . . . . . . . . . . . . . . . . . . . $14,256,000 $10,105,000 $ 7,553,000
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Primary net income per common share . . . . . . . . . . $ 0.72 $ 0.56 $ 0.45
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Fully Diluted:
Weighted average common stock outstanding during the
period . . . . . . . . . . . . . . . . . . . . . . . 18,697,143 17,481,164 16,467,823
Common stock equivalents under the treasury stock
method assuming the exercise of options and
warrants and the conversion of preferred stock . . . 1,248,480 798,424 674,404
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Total . . . . . . . . . . . . . . . . . . . . . . 19,945,623 18,279,588 17,142,227
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Net income as reported in consolidated financial
statements . . . . . . . . . . . . . . . . . . . . . $14,256,000 $10,105,000 $ 7,533,000
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Fully diluted net income per common share . . . . . . . $ 0.71 $ 0.55 $ 0.44
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