EXHIBIT 11 OGDEN PROJECTS, INC. AND SUBSIDIARIES DETAIL OF COMPUTATION OF EARNINGS APPLICABLE TO COMMON STOCK FOR THE FOR THE SIX MONTHS ENDED THREE MONTHS ENDED JUNE 30, JUNE 30, 1994 1993 1994 1993 (In Thousands) (In Thousands) NUMBER OF SHARES USED FOR COMPUTATION OF EARNINGS PER SHARE: Average number of common shares 38,011 37,891 38,012 37,903 INCREMENTAL NUMBER OF SHARES RELATING TO STOCK OPTIONS AVAILABLE FOR EXERCISE Primary 107 208 107 200 Fully Diluted 130 254 130 249 NOTE: Earnings per common share was computed by dividing net income by the weighted average of the number of shares of common stock outstanding during each period. There were no dividends or other adjustments to income in computing earnings applicable to common shares. The incremental shares relating to stock options available for exercise were not included in the calculation of earnings per common share due to these incremental shares not being considered dilutive since they result in a reduction in earnings per share of less than three percent.