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EXHIBIT 11
Statement Re: Computation of Earnings Per Share
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Three Months Ended Nine Months Ended
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Sept. 24, Sept. 26, Sept. 24, Sept. 26,
2000 1999 2000 1999
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(In thousands, except per share amounts)
<S> <C> <C> <C> <C>
Weighted average shares outstanding -
Basic 4,529 5,750 4,877 5,781
Shares issuable upon the exercise of
Outstanding stock options and warrants - 214 7 220
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Weighted average shares outstanding -
Diluted 4,529 5,964 4,884 6,001
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Income before cumulative effect of
Change in accounting principle $ 453 $ 1,403 $ 2,751 $ 4,498
Cumulative effect of change in
Accounting principle, net of taxes - - - (181)
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Net income $ 453 $ 1,403 $ 2,751 $ 4,317
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Basic earnings per share:
Income before cumulative effect of
change in accounting principle $ 0.10 $ 0.24 $ 0.56 $ 0.78
Cumulative effect of accounting
change, net of taxes - - - (0.03)
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Net income per share - Basic $ 0.10 $ 0.24 $ 0.56 $ 0.75
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Diluted earnings per share:
Income before cumulative effect of
change in accounting principle $ 0.10 $ 0.24 $ 0.56 $ 0.75
Cumulative effect of accounting
change, net of taxes - - - (0.03)
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Net income per share - Diluted $ 0.10 $ 0.24 $ 0.56 $ 0.72
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