EXHIBIT 11

COMPUTATION OF PER SHARE EARNINGS

 

 

(in thousands, except for per share data)

   

Nine Months Ended September 28

             
   

2002

 

2001

             

Income from continuing operations

 

$

2,732

 

$

3,308

Discontinued operations

   

1,240

   

1,067

Net income

 

$

3,972

 

$

4,375

             

Basic earnings per share weighted average shares

 

$

8,080

 

$

8,040

Net effect of dilutive stock options

   

193

   

319

Diluted earnings per share weighted average shares

 

$

8,273

 

$

8,359

             

Basic earnings per share:

           
 

Continuing operations

 

$

.34

 

$

.41

 

Discontinued operations

   

.15

   

.13

 

Net income

 

$

.49

 

$

.54

             

Diluted earnings per share:

           
 

Continuing operations

 

$

.33

 

$

.39

 

Discontinued operations

   

.15

   

.13

 

Net income

 

$

.48

 

$

.52