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EXHIBIT 11
ARAMARK CORPORATION AND SUBSIDIARIES
COMPUTATION OF FULLY DILUTED EARNINGS PER SHARE (1)
(In thousands, except per share data)
Fiscal Year Ended
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September 30, October 1, October 2, September 27, September 28,
1994 1993 1992 1991 1990
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Earnings:
Net income $ 86,079 $ 77,132 $ 67,381 $ 64,223 $ 51,825
Preferred stock dividends (1,337) (883) -- -- (2,965)
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Net income available to common stock $ 84,742 $ 76,249 $ 67,381 $ 64,223 $ 48,860
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Shares:
Weighted average number of common
shares outstanding (2) 46,616 46,133 44,746 45,595 48,725
Additional shares assuming
conversion of preferred stock (3) -- -- -- 1,477 --
Impact of potential exercise opportunities
under the ARAMARK Ownership Program 3,512 4,873 5,898 5,263 5,178
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Total common and common
equivalent shares 50,128 51,006 50,644 52,335 53,903
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Fully diluted earnings per common and
common equivalent share $ 1.69 $ 1.49 $ 1.33 $ 1.23 $ .91
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(1) Primary and fully diluted earnings per share are approximately the same.
Weighted average shares outstanding and earnings per share amounts for the
period ending October 1, 1993 and prior have been retroactively adjusted to
reflect the November 1993 four-for-one stock split described in Note 7.
(2) Includes Class B plus Class A Common Shares stated on a Class B Common
Share Equivalent Basis.
(3) Reflects conversion of Preferred Stock stated on a Class B Common Share
Equivalent Basis for fiscal 1991.