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EXHIBIT 11
Statement Re: Computation of Earnings Per Share
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Three Months Ended Six Months Ended
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June 25, June 27, June 25, June 27,
2000 1999 2000 1999
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(In thousands, except per share amounts)
Weighted average shares outstanding -
Basic 4,812 5,814 5,051 5,797
Shares issuable upon the exercise of
Outstanding stock options and warrants - 228 11 222
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Weighted average shares outstanding -
Diluted 4,812 6,042 5,062 6,019
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Income before cumulative effect of
Change in accounting principle $1,092 $1,620 $2,298 $3,095
Cumulative effect of change in
Accounting principle, net of taxes - - - (181)
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Net income $1,092 $1,620 $2,298 $2,914
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Basic earnings per share:
Income before cumulative effect of
change in accounting principle $ 0.23 $ 0.28 $ 0.45 $ 0.53
Cumulative effect of accounting
change, net of taxes - - - (0.03)
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Net income per share - Basic $ 0.23 $ 0.28 $ 0.45 $ 0.50
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Diluted earnings per share:
Income before cumulative effect of
change in accounting principle $ 0.23 $ 0.27 $ 0.45 $ 0.51
Cumulative effect of accounting
change, net of taxes - - - (0.03)
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Net income per share - Diluted $ 0.23 $ 0.27 $ 0.45 $ 0.48
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