Exhibit 11
CALIFORNIA CULINARY ACADEMY, INC.
STATEMENT RE: EARNINGS PER SHARE
Quarter Ended September 30
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1996 1995
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Primary Fully Diluted Primary Fully Diluted
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Net earnings (loss) $46,000 $46,000 $(424,000) $(424,000)
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Weighted average common shares outstanding:
Common shares 3,228,732 3,228,732 3,308,805 3,308,805
Common equivalent shares:
Stock options and warrants
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Weighted average common and common
equivalent shares outstanding 3,228,732 3,228,732 3,308,805 3,308,805
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Earnings (loss) per share $0.01 $0.01 $(0.13) $(0.13)
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