Exhibit 11
PREMARK INTERNATIONAL, INC.
Statement of Computation of Per Share Earnings
(Unaudited)
13 Weeks Ended
-------------------
June 29, July 1,
1996 1995
(Dollars in millions, shares in thousands) -------- --------
Earnings
Income (loss) from continuing operations $ (17.3) $ 17.1
Income from discontinued operations 29.4 50.0
-------- --------
Net income $ 12.1 $ 67.1
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PRIMARY METHOD
Shares
Cumulative average outstanding shares 61,757 60,890
Common equivalent shares 2,048 2,379
-------- --------
Weighted average number of common
shares and common equivalent
shares outstanding 63,805 63,269
======== ========
Primary earnings (loss) per share:
Continuing operations $ (0.27) $ 0.27
Discontinued operations 0.46 0.79
-------- --------
Net income per share $ 0.19 $ 1.06
======== ========
FULLY DILUTED METHOD
Shares
Cumulative average outstanding shares 61,757 60,890
Common equivalent shares 2,110 2,432
-------- --------
Weighted average number of common
shares and common equivalent
shares outstanding 63,867 63,322
======== ========
Fully diluted earnings (loss) per share:
Continuing operations $ (0.27) $ 0.27
Discontinued operations 0.46 0.79
-------- --------
Net income per share $ 0.19 $ 1.06
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Exhibit 11
PREMARK INTERNATIONAL, INC.
Statement of Computation of Per Share Earnings
(Unaudited)
26 Weeks Ended
-------------------
June 29, July 1,
1996 1995
(Dollars in millions, shares in thousands) -------- --------
Earnings
Income (loss) from continuing operations $ (5.5) $ 31.3
Income from discontinued operations 62.2 82.3
-------- --------
Net income $ 56.7 $ 113.6
======== ========
PRIMARY METHOD
Shares
Cumulative average outstanding shares 61,544 61,866
Common equivalent shares 1,956 2,396
-------- --------
Weighted average number of common
shares and common equivalent
shares outstanding 63,500 64,262
======== ========
Primary earnings (loss) per share:
Continuing operations $ (0.09) $ 0.49
Discontinued operations 0.98 1.28
-------- --------
Net income per share $ 0.89 $ 1.77
======== ========
FULLY DILUTED METHOD
Shares
Cumulative average outstanding shares 61,544 61,866
Common equivalent shares 1,997 2,403
-------- --------
Weighted average number of common
shares and common equivalent
shares outstanding 63,541 64,296
======== ========
Fully diluted earnings (loss) per share:
Continuing operations $ (0.09) $ 0.49
Discontinued operations 0.98 1.28
-------- --------
Net income per share $ 0.89 $ 1.77
======== ========