EXHIBIT 11

COMPUTATION OF PER SHARE EARNINGS

 

 

(in thousands, except for per share data)
   

Six Months Ended June 28
             
   

2003

  

2002
             
Income from continuing operations  

$

520

  

$

2,433
Discontinued operations    

327

    

258
Net income  

$

847

  

$

2,691
             
Basic earnings per share weighted average shares    

7,784

    

8,112
Net effect of dilutive stock options    

63

    

215
Diluted earnings per share weighted average shares    

7,847

    

8,327
             
Basic earnings per share:            
  Continuing operations  

$

.07

  

$

.30
  Discontinued operations    

.04

    

.03
  Net income  

$

.11

  

$

.33
             
Diluted earnings per share:            
  Continuing operations  

$

.07

  

$

.29
  Discontinued operations    

.04

    

.03
  Net income  

$

.11

  

$

.32