EX-11 3 exb11-q2.txt EARNINGS PER SHARE Exhibit 11.1 Computation of Earnings Per Common Share
(In thousands, except per share data) Quarter Ended Six Months Ended ------------------------------------------------------------------------------------------------------------------------------ July 1, July 2, July 1, July 2, 2001 2000 2001 2000 ------------------------------------------------------------------------------------------------------------------------------ Average number of common shares used in basic calculation 28,625 25,332 28,455 25,329 Net additional shares issuable pursuant to employee stock option plans at period-end market price - - - - Shares issuable on assumed conversion of convertible preferred securities - * - * - * - * ------------------------------------------------------------------------------------------------------------------------------ Average number of common shares used in diluted calculation 28,625 25,332 28,455 25,329 ============================================================================================================================== Net earnings $ (4,849) (1,665) (5,894) (2,202) Distribution savings on assumed conversion of convertible preferred securities, net of income taxes - * - * - * - * ------------------------------------------------------------------------------------------------------------------------------ Net earnings for computation of diluted earnings per common share $ (4,849) (1,665) (5,894) (2,202) ============================================================================================================================== ------------------------------------------------------------------------------------------------------------------------------ Basic earnings per common share $ (0.17) (0.07) (0.21) (0.09) ============================================================================================================================== ------------------------------------------------------------------------------------------------------------------------------ Diluted earnings per common share $ (0.17)* (0.07)* (0.21)* (0.09)* ==============================================================================================================================
* Inclusion of the shares related to the convertible preferred securities results in an increase to earnings (loss) per share ("EPS") in 2001 and 2000. As those shares are antidilutive, they have been excluded from the computation of diluted EPS.