EXHIBIT 11 ARAMARK CORPORATION AND SUBSIDIARIES COMPUTATION OF FULLY DILUTED EARNINGS PER SHARE (1) (Unaudited) (In Thousands, except per share data) Three Months Ended Nine Months Ended --------------------------- -------------------------- June 27, June 28, June 27, June 28, 1997 1996 1997 1996 ----------- ----------- ------------ ------ Earnings: Net Income $ 30,134 $ 28,636 $145,741 $ 67,335 Preferred stock dividends -- (236) -- (731) -------- -------- -------- -------- Earnings applicable to common stock $ 30,134 $ 28,400 $145,741 $ 66,604 ======== ======== ======== ======== Shares: Weighted average number of common shares outstanding (2) 41,666 43,909 42,237 44,624 Impact of potential exercise opportunities under the ARAMARK Ownership Program 2,131 2,469 2,496 2,678 -------- -------- -------- -------- Total common and common equivalent shares 43,797 46,378 44,733 47,302 ======== ======== ======== ======== Fully diluted earnings per common and common equivalent share $ .69 $ .61 $ 3.26 $ 1.41 ======== ======== ======== ======== (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.