EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
(in thousands, except for per share data) |
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Nine Months Ended September 28 |
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2002 |
2001 |
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Income from continuing operations |
$ |
2,732 |
$ |
3,308 |
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Discontinued operations |
1,240 |
1,067 |
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Net income |
$ |
3,972 |
$ |
4,375 |
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Basic earnings per share weighted average shares |
$ |
8,080 |
$ |
8,040 |
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Net effect of dilutive stock options |
193 |
319 |
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Diluted earnings per share weighted average shares |
$ |
8,273 |
$ |
8,359 |
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Basic earnings per share: |
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Continuing operations |
$ |
.34 |
$ |
.41 |
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Discontinued operations |
.15 |
.13 |
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Net income |
$ |
.49 |
$ |
.54 |
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Diluted earnings per share: |
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Continuing operations |
$ |
.33 |
$ |
.39 |
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Discontinued operations |
.15 |
.13 |
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Net income |
$ |
.48 |
$ |
.52 |
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