EXHIBIT 11 ARAMARK CORPORATION AND SUBSIDIARIES COMPUTATION OF FULLY DILUTED EARNINGS PER SHARE (1) (Unaudited) (In Thousands, except per share data) Three Months Ended Six Months Ended ---------------------------- ------------------------------ March 29, March 31, March 29, March 31, 1996 1995 1996 1995 ----------- ----------- ----------- ----------- Earnings: Net Income $ 13,710 $ 13,350 $ 38,699 $ 34,103 Preferred stock dividends (246) (273) (495) (530) -------- -------- -------- -------- Earnings applicable to common stock $ 13,464 $ 13,077 $ 38,204 $ 33,573 ======== ======== ======== ======== Shares: Weighted average number of common shares outstanding (2) 45,041 47,588 44,982 46,660 Impact of potential exercise opportunities under the ARAMARK Ownership Program 2,437 2,633 2,653 3,074 -------- -------- -------- -------- Total common and common equivalent shares 47,478 50,221 47,635 49,734 ======== ======== ======== ======== Fully diluted earnings per common and common equivalent share $ .28 $ .26 $ .80 $ .68 ======== ======== ======== ======== (1) Primary and fully diluted earnings per share are approximately the same. (2) Includes Class B plus Class A Common Shares stated on a Class B Common Share Equivalent Basis.