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THRIFT MANAGEMENT, INC. AND SUBSIDIARIES
EXHIBIT 11 -- STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
THE FOLLOWING TABLE PRESENTS THE COMPUTATION OF BASIC AND DILUTED LOSSES PER
SHARE:
<TABLE>
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
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JUNE 25, JUNE 27, JUNE 25, JUNE 27,
2000 1999 2000 1999
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
Numerator:
Net (loss) $ (700,267) $ (75,073) $ (960,281) $ (138,213)
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Denominator:
Denominator for basic loss per
share--weighted-average shares 2,497,210 2,185,700 2,430,781 2,185,700
Effect of dilutive securities:
Stock options -- 523,776 -- 523,776
Denominator for diluted loss per share 2,497,210 2,709,476 2,430,781 2,709,476
=========== =========== =========== ===========
(Loss) per share:
Basic $ (0.28) $ (0.03) $ (0.40) $ (0.06)
=========== =========== =========== ===========
Diluted $ (0.28) $ (0.03) $ (0.40) $ (0.05)
=========== =========== =========== ===========
</TABLE>