EX-11 3 w52547ex11.htm CALCULATION OF EARNINGS PER SHARE OF COMMON STOCK ex11

Exhibit 11

CALCULATION OF EARNINGS
PER SHARE OF COMMON STOCK
(In thousands of shares)

                                 
    Thirteen Weeks Ended   Twenty-Six Weeks Ended
   
 
    July 1,   July 2,   July 1,   July 2,
    2001   2000   2001   2000
   
 
 
 
Number of shares of Class A and Class B Common stock outstanding at beginning of period
    9,484       9,440       9,460       9,439  
                                 
Issuance of shares of Class B common stock (weighted), net of forfeiture of restricted stock awards
    1       3       22       2  
 
   
     
     
     
 
                                 
Shares used in the computation of basic earnings per share
    9,485       9,443       9,482       9,441  
                                 
Adjustment to reflect dilution from common stock equivalents
    17       15       18       17  
 
   
     
     
     
 
                                 
Shares used in the computation of diluted earnings per share
    9,502       9,458       9,500       9,458  
 
   
     
     
     
 
                                 
Net income available for common shares
  $ 14,229     $ 40,915     $ 212,757     $ 64,483  
 
   
     
     
     
 
                                 
Basic earnings per common share
  $ 1.50     $ 4.33     $ 22.44     $ 6.83  
 
   
     
     
     
 
                                 
Diluted earnings per common share
  $ 1.50     $ 4.33     $ 22.39     $ 6.82