EXHIBIT 11
GREASE MONKEY HOLDING CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(unaudited)
Quarters Ended June 30, Six Months Ended June 30,
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1996 1995 1996 1995
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PRIMARY EARNINGS PER SHARE
Net income (loss). . . . . . . . . . . . . . . . . . . . $ (71,934) 49,520 (193,974) 59,981
Dividends on preferred stock . . . . . . . . . . . . . . (31,259) (31,367) (62,561) (63,240)
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Net income (loss) applicable to common stock . . . . . . $ (103,193) 18,153 (256,535) (3,259)
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Common shares outstanding. . . . . . . . . . . . . . . . 4,359,888 4,362,080 4,359,888 4,362,080
Effect of using weighted average common and common
equivalent shares . . . . . . . . . . . . . . . . . . (2,578) (824) (8,753) (14,290)
Effect of shares issuable under common stock warrants
using the treasury stock method . . . . . . . . . . . * 115,385 * *
Effect of shares issuable under stock options using
the treasury stock method. . . . . . . . . . . . . . * 14,495 * *
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Shares used in computing primary earnings per share. . . 4,357,310 4,491,136 4,351,135 4,347,790
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Primary earnings per common share. . . . . . . . . . . . $ (0.02) ** (0.06) **
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FULLY DILUTED EARNINGS PER SHARE
Net income (loss). . . . . . . . . . . . . . . . . . . . $ (71,934) 49,520 (193,974) 59,981
Dividends on preferred stock . . . . . . . . . . . . . . (31,259) (31,367) (62,561) (63,240)
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Net income (loss) as adjusted. . . . . . . . . . . . . . $ (103,193) 18,153 (256,535) (3,259)
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Shares used in computing primary earnings
per share . . . . . . . . . . . . . . . . . . . . . . 4,357,310 4,491,136 4,351,135 4,347,790
Effect of shares issuable upon conversion of
preferred stock . . . . . . . . . . . . . . . . . . . * * * *
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Shares used in computing fully diluted earnings
per share . . . . . . . . . . . . . . . . . . . . . . 4,357,310 4,491,136 4,351,135 4,347,790
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Fully diluted earnings per common share. . . . . . . . . $ (0.02) ** (0.06) **
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* Antidilutive
** Less than $.01 per share