EXHIBIT 11 ARAMARK CORPORATION AND SUBSIDIARIES COMPUTATION OF FULLY DILUTED EARNINGS PER SHARE (1) (In thousands, except per share data) Fiscal Year Ended ------------------------------------------------------------------------------ September 29, September 30, October 1, October 2, September 27, 1995 1994 1993 1992 1991 ----------- ----------- ----------- ---------- ------------- Earnings: Net income $93,503 $86,079 $77,132 $67,381 $64,223 Preferred stock dividends (1,046) (1,337) (883) -- -- ------- ------- ------- ------- ------- Net income available to common stock $92,457 $84,742 $76,249 $67,381 $64,223 ======= ======= ======= ======= ======= Shares: Weighted average number of common shares outstanding (2) 46,381 46,616 46,133 44,746 45,595 Additional shares assuming conversion of preferred stock (3) -- -- -- -- 1,477 Impact of potential exercise opportunities under the ARAMARK Ownership Program 2,928 3,512 4,873 5,898 5,263 ------ ------ ------ ------ ------ Total common and common equivalent shares 49,309 50,128 51,006 50,644 52,335 ====== ====== ====== ====== ====== Fully diluted earnings per common and common equivalent share $1.88 $1.69 $1.49 $1.33 $1.23 ===== ===== ===== ===== ===== (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. (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.