EX-11 3 j1107_ex11.htm EX-11 Prepared by MerrillDirect

 

Exhibit 11 - Calculation of Earnings per Share

                 
                 
  Three Months Ended   Six Months Ended  
(In thousands, except per share amounts) July 1, 2001   June 25, 2000   July 1, 2001   June 25, 2000  









                 
Basic Earnings per Share:                
                 
Net Income $ 12,513   $ 12,976   $ 25,266   $ 24,517  
                 
Weighted average shares outstanding 22,494   25,276   22,651   26,063  
                 
 







Basic earnings per share $ 0.56   $ 0.51   $ 1.12   $ 0.94  
 








Diluted Earnings per Share:
               
                 
Net Income $ 12,513   $ 12,976   $ 25,266   $ 24,517  
                 
Weighted average shares outstanding 22,494   25,276   22,651   26,063  
Dilutive effect of outstanding common stock options 185   266   139   260  
 







Diluted weighted average shares outstanding 22,679   25,542   22,790   26,323  
 







Diluted earnings per share $ 0.55   $ 0.51   $ 1.11   $ 0.93