<TABLE>
Exhibit 11.1
Computation of Earnings Per Common Share
(In thousands, except per share data)
<CAPTION>
Quarter Ended Nine Months Ended
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Oct. 1, Oct. 3, Oct. 1, Oct. 3,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Average number of common shares used in basic calculation 25,342 25,335 25,334 28,328
Net additional shares issuable pursuant to employee stock
option plans at period-end market price - 1 - 2
Shares issuable on assumed conversion of convertible
preferred securities -* - -* 7,774
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Average number of common shares used in diluted calculation 25,342 25,336 25,334 36,104
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Net earnings (loss) $ (8,266) 2,431 (10,468) 14,351
Distribution savings on assumed conversion of convertible
preferred securities, net of income taxes -* - -* 4,227
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Net earnings for computation of diluted earnings per common share $ (8,266) 2,431 (10,468) 18,578
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Basic earnings (loss) per common share $ (0.33) 0.10 (0.41) 0.51
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Diluted earnings (loss) per common share $ (0.33)* 0.10 (0.41)* 0.51
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</TABLE>
* Diluted earnings (loss) per share ("EPS") for the quarter and nine months
ended October 1, 2000 increases from $(0.33) to $(0.20) and from $(0.41) to
$(0.18), respectively, when the Convertible Preferred Securities are included in
the calculation. As those shares are antidilutive, they are excluded from the
computation of diluted EPS.
