EX-11 5 a09-8770_1ex11.htm EX-11

EXHIBIT 11

 

COMPUTATION OF EARNINGS PER COMMON SHARE

Years Ended December 27, 2008, December 29, 2007 and December 30, 2006

(Dollars in thousands, except share and per share amounts, unless otherwise indicated)

 

 

 

December 27,

 

December 29,

 

December 30,

 

 

 

2008

 

2007

 

2006

 

Diluted earnings

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

(39,805

)

$

6,769

 

$

6,356

 

 

 

 

 

 

 

 

 

Shares

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

12,647,127

 

11,970,042

 

11,773,301

 

Common stock equivalents

 

—

 

514,597

 

261,364

 

 

 

 

 

 

 

 

 

Total

 

12,647,127

 

12,484,639

 

12,034,665

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

(3.15

)

$

.54

 

$

.53

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

(39,805

)

$

6,769

 

$

6,356

 

 

 

 

 

 

 

 

 

Shares

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

12,647,127

 

11,970,042

 

11,773,301

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

(3.15

)

$

.57

 

$

.54