
<PAGE>   1
                                                                      EXHIBIT 11





Statement Regarding Computation of Per Share Earnings

<TABLE>
<CAPTION>
                                               Fourth Quarter Ended                 Year Ended
(in 000's, except per share amounts)      Dec. 30, 2000     Jan 1, 2000      Dec. 30, 2000   Jan 1, 2000
                                          -------------     -----------      -------------   -----------
<S>                                       <C>               <C>              <C>             <C>
Weighted average shares outstanding           47,257            47,643            47,252         48,227

Effect of dilutive securities-options           -                  179              -               662
                                           ---------        ----------        ----------     ----------

Shares for diluted EPS                        47,257            47,822            47,252         48,889
                                           =========        ==========        ==========     ==========



Net income (loss)                          ($147,482)           $5,584         ($147,332)       $50,042
                                           =========        ==========        ==========     ==========

Per share amounts:

   Basic                                      ($3.12)            $0.12            ($3.12)         $1.04
                                           =========        ==========        ==========     ==========

   Diluted                                    ($3.12)            $0.12            ($3.12)         $1.02
                                           =========        ==========        ==========     ==========
</TABLE>
