|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: KERR MCGEE CORP, 8-K, 1998-06-09 |
Next: LEARONAL INC, PRE 14A, 1998-06-09 |
<TABLE>
EXHIBIT 11
COMPUTATION OF EARNINGS (LOSS) PER SHARE
DILUTED
BASIC
Thirteen Twenty-Six Thirteen Twenty-Six
Weeks Ended Weeks Ended Weeks Ended Weeks Ended
April 25, April 25, April 25, April 25,
1998 1998 1998 1998
(In thousands, except per share amounts)
<S> <C> <C> <C> <C>
AVERAGE SHARES OUTSTANDING
1 Average shares outstanding 4,300 4,300 4,300 4,300
2 Net additional shares outstanding
assuming exercise of stock options - - - -
3 Average number of common shares
outstanding 4,300 4,300 4,300 4,300
EARNINGS (LOSSES)
4 Net Loss
$ (549) $ (1,335) $ <549> <1,335>
PER SHARE AMOUNTS
Net loss
(line 4 / line 3) $ (.13) $ (.31) <.13> <.31>
Earnings per share amounts for all other reporting periods as it relates to the
predecessor company is not meaningful due to the Company's reorganization.
Since there is a net loss, common stock equivalents are excluded from the diluted earnings
per share calculations since they would be antidilutive.
</TABLE>
<TABLE>
EXHIBIT 11
COMPUTATION OF EARNINGS (LOSS) PER SHARE
DILUTED
BASIC
Thirteen Twenty-Six Thirteen Twenty-Six
Weeks Ended Weeks Ended Weeks Ended Weeks Ended
April 25, April 25, April 25, April 25,
1998 1998 1998 1998
(In thousands, except per share amounts)
<S> <C> <C> <C> <C>
AVERAGE SHARES OUTSTANDING
1 Average shares outstanding 4,300 4,300 4,300 4,300
2 Net additional shares outstanding
assuming exercise of stock options - - - -
3 Average number of common shares
outstanding 4,300 4,300 4,300 4,300
EARNINGS (LOSSES)
4 Net Loss
$ (549) $ (1,335) $ <549> <1,335>
PER SHARE AMOUNTS
Net loss
(line 4 / line 3) $ (.13) $ (.31) <.13> <.31>
Earnings per share amounts for all other reporting periods as it relates to the
predecessor company is not meaningful due to the Company's reorganization.
Since there is a net loss, common stock equivalents are excluded from the diluted earnings
per share calculations since they would be antidilutive.
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-25-1998
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 1,881
<ALLOWANCES> 138
<INVENTORY> 3,209
<CURRENT-ASSETS> 5,105
<PP&E> 1,790
<DEPRECIATION> 315
<TOTAL-ASSETS> 6,683
<CURRENT-LIABILITIES> 2,980
<BONDS> 0
0
0
<COMMON> 172
<OTHER-SE> 4,851
<TOTAL-LIABILITY-AND-EQUITY> 6,683
<SALES> 13,529
<TOTAL-REVENUES> 12,900
<CGS> 629
<TOTAL-COSTS> 1,928
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 83
<INCOME-PRETAX> (1,335)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,335)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,335)
<EPS-PRIMARY> (.31)
<EPS-DILUTED> (.31)
</TABLE>
|
|