EX-11 5 exhb11.txt EARNINGS PER SHARE Exhibit 11.1 Computation of Earnings Per Common Share
(In thousands, except per share data) Quarter Ended --------------------------------------------------------------------------------------------------------------- Mar. 31, Apr. 1, 2002 2001 --------------------------------------------------------------------------------------------------------------- Average number of common shares used in basic calculation 29,009 28,285 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 29,009 28,285 =============================================================================================================== Net earnings (loss) from continuing operations $ (5,852) (3,621) Net earnings (loss) from discontinued operations 134 2,576 --------------------------------------------------------------------------------------------------------------- Net earnings (loss) (5,718) (1,045) Distribution savings on assumed conversion of convertible preferred securities, net of income taxes - * - * --------------------------------------------------------------------------------------------------------------- Net earnings (loss) for computation of diluted earnings per common share $ (5,718) (1,045) =============================================================================================================== --------------------------------------------------------------------------------------------------------------- Basic earnings (loss) per common share from continuing operations (0.20) (0.13) Basic earnings (loss) per common share from discontinued operations 0.00 0.09 --------------------------------------------------------------------------------------------------------------- Basic earnings (loss) per common share $ (0.20) (0.04) =============================================================================================================== --------------------------------------------------------------------------------------------------------------- Diluted earnings (loss) per common share from continuing operations (0.20)* (0.13)* Diluted earnings (loss per common share from discontinued operations 0.00 0.09 --------------------------------------------------------------------------------------------------------------- Diluted earnings (loss) per common share $ (0.20) (0.04) ===============================================================================================================
* Inclusion of shares issuable pursuant to employee stock option plans and the shares related to the convertible preferred securities results in an increase to earnings (loss) per share ("EPS") in 2002 and 2001. As those shares are antidilutive, they have been excluded from the computation of diluted EPS.