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 28, March 29, March 28, March 29, 1997 1996 1997 1996 -------- --------- --------- --------- Earnings: Net Income $ 87,952 $ 13,710 $115,607 $ 38,699 Preferred stock dividends -- (246) -- (495) -------- -------- -------- -------- Earnings applicable to common stock $ 87,952 $ 13,464 $115,607 $ 38,204 ======== ======== ======== ======== Shares: Weighted average number of common shares outstanding (2) 42,699 45,041 42,521 44,982 Impact of potential exercise opportunities under the ARAMARK Ownership Program 2,324 2,437 2,619 2,653 -------- -------- -------- -------- Total common and common equivalent shares 45,023 47,478 45,140 47,635 ======== ======== ======== ======== Fully diluted earnings per common and common equivalent share $ 1.95 $ .28 $ 2.56 $ .80 ======== ======== ======== ======== (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.