EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
(in thousands, except for per share data)
Three Months Ended March 29
2003
2002
Income from continuing operations
$
277
$
1,187
Discontinued operations
281
169
Net income
$
558
$
1,356
Basic earnings per share weighted average shares
7,832
8,109
Net effect of dilutive stock options
91
236
Diluted earnings per share weighted average shares
7,923
8,345
Basic earnings per share:
Continuing operations
$
0.03
$
0.15
Discontinued operations
0.04
0.02
Net income
$
0.07
$
0.17
Diluted earnings per share:
Continuing operations
$
0.03
$
0.14
Discontinued operations
0.04
0.02
Net income
$
0.07
$
0.16