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