EXHIBIT 11

COMPUTATION OF PER SHARE EARNINGS

 

 

(in thousands, except for per share data)

   

Nine Months Ended September 27

             
   

2003

 

2002

             

Income from continuing operations

 

$

240

 

$

3,442

Discontinued operations

   

312

   

530

Net income

 

$

552

 

$

3,972

             

Basic earnings per share weighted average shares

   

7,768

   

8,080

Net effect of dilutive stock options

   

56

   

193

Diluted earnings per share weighted average shares

   

7,824

   

8,273

             

Basic earnings per share:

           
 

Continuing operations

 

$

.03

 

$

.43

 

Discontinued operations

   

.04

   

.06

 

Net income

 

$

.07

 

$

.49

             

Diluted earnings per share:

           
 

Continuing operations

 

$

.03

 

$

.42

 

Discontinued operations

   

.04

   

.06

 

Net income

 

$

.07

 

$

.48