EXHIBIT 11
J. BAKER, INC. AND SUBSIDIARIES
COMPUTATION OF NET EARNINGS PER COMMON SHARE*
(UNAUDITED)
QUARTER ENDED SIX MONTHS ENDED
JULY 31, AUGUST 1, JULY 31, AUGUST 1,
1999 1998 1999 1998
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NET EARNINGS PER COMMON SHARE;
Net earnings, basic and diluted $3,374,028 $2,594,165 $4,354,018 $3,110,508
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Weighted average common
shares outstanding, basic 14,064,619 13,979,160 14,064,573 13,949,728
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Effect of dilutive securities:
Stock options and performance
share awards 553,323 392,586 239,119 255,839
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Weighted average common
shares outstanding, diluted 14,617,942 14,371,746 14,303,692 14,205,567
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Net earnings per common share, basic $0.240 $0.186 $0.310 $0.223
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Net earnings per common share, diluted $0.231 $0.181 $0.304 $0.219
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* This calculation is submitted in accordance with Item 601(b)(11) of
Regulation S-K.