EXHIBIT 11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Year Ended December 28, 1997 Year Ended December 29, 1996
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(in thousands, except per share loss) Basic Diluted Basic Diluted
- ------------------------------------ ----- ------- ----- -------
Average shares outstanding 8,931 8,931 8,596 8,596
Effect of dilutive stock options - due to
the Company's net loss, assumed conversion
of stock is anti-dilutive. 0 0 0 0
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Totals 8,931 8,931 8,596 8,596
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Net loss $(32,220) $(32,220) $(24,804) $(24,804)
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Basic loss per share $ (3.61) $ (3.61) $ (2.89) $ (2.89)
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Note: Prior period shares outstanding used to compute loss per share have been
restated to conform with Statement of Financial Accounting Standards No. 128
("Earnings Per Share"). The restatement did not materially impact loss per
share as previously reported. Earnings Per Share for the year ended December 31,
1995 is not available as the Company was not a separate entity with its own
capital structure for the full year in 1995.
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