1
Exhibit 11
GENERAL HOST CORPORATION
ADDITIONAL EARNINGS PER SHARE INFORMATION
FISCAL YEARS ENDED JANUARY 29, 1995, JANUARY 30, 1994
AND JANUARY 31, 1993
(In thousands, except per share amounts)
1994 1993 1992
-------- -------- --------
Earnings (loss) for full dilution:
Income (loss) from continuing operations $ 8,585 $(55,220) $ 2,853
Add interest on 8% Convertible Debentures,
net of tax effect 5,200 3,640 4,432
-------- -------- --------
Income (loss) from continuing operations,
as adjusted 13,785 (51,580) 7,285
Loss from discontinued operations (840) (381)
-------- -------- --------
Income (loss) before cumulative effect of
change in accounting principle 13,785 (52,420) 6,904
Cumulative effect of change in accounting
principle for income taxes 2,850
-------- -------- --------
Net income (loss), as adjusted $ 13,785 $(52,420) $ 9,754
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Shares used for calculating
primary earnings per share 22,135 21,751 20,043
Addition shares from assumed conversion of
8% Convertible Debentures 6,908 6,908 6,908
Additional shares resulting from
assumed exercise of stock options 0 2 27
-------- -------- --------
29,043 28,661 26,978
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Fully diluted earnings (loss) per share:
Income (loss) from continuing operations $ .47 $ (1.80) $ .27
Loss from discontinued operations (.03) (.01)
-------- -------- --------
Income (loss) before cumulative effect of
change in accounting principle .47 (1.83) .26
Cumulative effect of change in accounting
principle for income taxes .10
-------- -------- --------
Net income (loss) $ .47 1 $ (1.83)1 $ .36 1
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1 This calculation is submitted in accordance with Regulation S-K item 601
(b)(11) although it is contrary to paragraph 40 of APB Opinion 15 because
it produces an anti-dilutive result.