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EXHIBIT (11)
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (LOSS):
(A) Computation of the weighted average number of shares of common stock
outstanding for the periods indicated:
<CAPTION>
QUARTERS ENDED JUNE 29, 2000 AND JULY 1, 1999
WEIGHTED
SHARES OF NUMBER OF DAYS NUMBER OF NUMBER OF SHARES
COMMON STOCK OUTSTANDING SHARE DAYS OUTSTANDING
------------ -------------- -------------- ----------------
<S> <C> <C> <C> <C>
Quarter Ended June 29, 2000
---------------------------
March 31 - June 29 7,002,722 91 637,247,727
Shares Issued 9,120 Various 515,205
--------- -----------
7,011,842 637,762,932 7,008,384
========= =========== =========
Quarter Ended July 1, 1999
--------------------------
April 2 - July 1 6,886,050 91 626,630,537
Shares Issued 12,352 Various 692,498
--------- -----------
6,898,402 627,323,035 6,893,660
========= =========== =========
THREE QUARTERS ENDED JUNE 29, 2000 AND JULY 1, 1999
<CAPTION>
WEIGHTED
SHARES OF NUMBER OF DAYS NUMBER OF NUMBER OF SHARES
COMMON STOCK OUTSTANDING SHARE DAYS OUTSTANDING
------------ -------------- -------------- ----------------
<S> <C> <C> <C> <C>
Period Ended June 29, 2000
--------------------------
October 1 - June 29 6,926,126 273 1,890,832,329
Shares Issued 85,716 Various 14,127,134
--------- -------------
7,011,842 1,904,959,463 6,977,873
========= ============= =========
Period Ended July 1, 1999
-------------------------
October 1 - July 1 6,861,252 274 1,879,983,048
Treasury Stock Purchases ( 2,374) Various ( 218,421)
Shares Issued 39,524 Various 5,001,951
--------- -------------
6,898,402 1,884,766,578 6,878,710
========= ============= =========
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(B) Computation of Earnings (Loss) Per Share:
Computation of earnings (loss) per share is net earnings (loss)
divided by the weighted average number of shares of common stock
outstanding for the periods indicated:
<CAPTION>
QUARTER ENDED THREE QUARTERS ENDED
June 29, July 1, June 29, July 1,
2000 1999 2000 1999
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Basic:
Weighted average number of shares
of common stock outstanding 7,008,384 6,893,660 6,977,873 6,878,710
---------- ---------- ---------- ----------
Net earnings (loss) $ 585,506 ($ 533,180) $ 172,611 ($2,250,998)
---------- ---------- ---------- ----------
Net earnings (loss) per share $ 0.08 ($ 0.08) $ 0.02 ($ 0.33)
========== ========== ========== ==========
Assuming dilution:
Weighted average number of shares
of common stock outstanding 7,008,384 6,893,660 6,977,873 6,878,710
Net effect of dilutive stock
options-not included if the
effect was antidilutive 60,801 0 25,251 0
---------- ---------- ---------- ----------
Total 7,069,185 6,893,660 7,003,124 6,878,710
---------- ---------- ---------- ----------
Net earnings (loss) $ 585,506 ($ 533,180) $ 172,611 ($2,250,998)
---------- ---------- ---------- ----------
Net earnings (loss) per share $ 0.08 ($ 0.08) $ 0.02 ($ 0.33)
========== ========== ========== ==========
</TABLE>
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