EXHIBIT 11
GREASE MONKEY HOLDING CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(unaudited)
QUARTERS ENDED MARCH 31,
------------------------
1996 1995
---- ----
PRIMARY EARNINGS PER SHARE
Net income (loss) $ (122,040) 10,461
Dividends on preferred stock (31,303) (31,873)
------------ -----------
Net income (loss) applicable to common stock $ (153,343) (21,412)
------------ -----------
------------ -----------
Common shares outstanding 4,349,689 4,350,403
Effect of using weighted average common and
common equivalent shares outstanding (4,730) (16,227)
Effect of shares issuable under common
stock warrants using the treasury stock method * *
Effect of shares issuable under stock options
using the treasury stock method * *
------------ -----------
Shares used in computing primary earnings
per share 4,344,959 4,334,176
------------ -----------
------------ -----------
Primary earnings (loss) per common share $ (0.04) **
------------ -----------
------------ -----------
FULLY DILUTED EARNINGS PER SHARE
Net income (loss) $(122,040) 10,461
Dividends on preferred stock (31,303) (31,873)
------------ -----------
Net income (loss) as adjusted $(153,343) (21,412)
------------ -----------
------------ -----------
Shares used in computing primary
earnings per share 4,344,959 4,334,176
Effect of shares issuable upon conversion
of preferred stock * *
------------ -----------
Shares used in computing fully diluted
earnings per share 4,344,959 4,334,176
------------ -----------
------------ -----------
Fully diluted earnings (loss) per
common share $ (0.04) **
------------ -----------
------------ -----------
* Antidilutive
** Less than $.01 per share