Graham (GHC) 10-Q 2006 Q2 Quarterly report

Exhibit 11

THE WASHINGTON POST COMPANY

CALCULATION OF EARNINGS

PER SHARE OF COMMON STOCK

(In thousands of shares)

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 2, 2006		July 3, 2005		July 2, 2006		July 3, 2005
Number of shares of Class A and Class B common stock outstanding at beginning of period		9,570		9,589		9,569		9,576
Issuance of shares of Class B common stock (weighted)		5		5		4		15
Shares used in the computation of basic earnings per common share		9,575		9,594		9,573		9,591
Adjustment to reflect dilution from common stock and restricted stock equivalents		38		24		37		26
Shares used in the computation of diluted earnings per common share		9,613		9,618		9,610		9,617
Net income available for common shares	$	78,499	$	78,510	$	154,882		144,610
Basic earnings per common share	$	8.20	$	8.18	$	16.18	$	15.08
Diluted earnings per common share	$	8.17	$	8.16	$	16.12	$	15.04