EXHIBIT 11.1 AMF BOWLING, INC. COMPUTATION OF EARNINGS PER COMMON SHARE (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Period Ended Year Ended December 31, December 31, 1996 (a) 1997 ------------ ------------ Shares Weighted average number of common shares outstanding 39,713 45,249 ============ ============ Net loss before extraordinary items $ (19,484) $ (32,198) ============ ============ Net loss $ (19,484) $ (55,564) ============ ============ Net loss per share before extraordinary items (b) $ (0.49) $ (0.71) Per share effect of extraordinary items (b) -- (0.52) ------------ ------------ Basic and diluted loss per common share (b) $ (0.49) $ (1.23) ============ ============ (a) For the period from the inception date of January 12, 1996 which includes results of operations of the acquired business from May 1, 1996 through the period ended December 31, 1996. (b) Outstanding stock options and warrants are not considered as their effect is antidilutive.