EXHIBIT 11 InaCom Corp. and Subsidiaries Computation of Earnings Per Share of Common Stock (in thousands except per share amounts) For the years ended December 28, December 30, December 31, 1996 1995 1994 ---- ---- ---- PRIMARY EARNINGS Earnings (loss) applicable to common stock $18,733 $11,707 ($2,256) --------- --------- --------- --------- --------- --------- Weighted average common shares outstanding 10,600 10,300 10,300 --------- --------- --------- --------- --------- --------- Primary earnings (loss) per share $1.76 $1.14 ($0.22) --------- --------- --------- --------- --------- --------- FULLY DILUTED EARNINGS Earnings (loss) applicable to common stock $18,733 $11,707 ($2,256) Net interest expense related to convertible debt 1,027 -- -- --------- --------- --------- Net income as adjusted $ 19,760 $11,707 ($2,256) --------- --------- --------- --------- --------- --------- Weighted average common shares outstanding 10,600 10,300 10,300 Assuming conversion of convertible debt 1,400 -- -- --------- --------- --------- Weighted average common shares outstanding as adjusted 12,000 10,300 10,300 --------- --------- --------- --------- --------- --------- Fully diluted earnings (loss) per share $1.64 $1.14 ($0.22) --------- --------- --------- --------- --------- --------- 53