1
EXHIBIT 11
GENERAL HOST CORPORATION
ADDITIONAL EARNINGS PER SHARE INFORMATION (UNAUDITED)
(In thousands, except per share amounts)
Twelve Weeks Ended Forty Weeks Ended
---------------------------- ----------------------------
November 5, November 6, November 5, November 6,
1995 1994 1995 1994
----------- ----------- ----------- -----------
Earnings (loss) for full dilution:
Loss from continuing operations $ (11,899) $ (7,047) $ (3,780) $ (989)
Add interest on 8% Convertible
Debentures, net of tax effect 1,116 1,200 3,720 4,000
--------- --------- --------- ---------
Income (loss) from continuing
operations, as adjusted (10,783) (5,847) (60) 3,011
Loss from discontinued operations (2,793) (2,793)
--------- --------- --------- ---------
Net income (loss), as adjusted $ (13,576) $ (5,847) $ (2,853) $ 3,011
========= ========= ========= =========
Shares used for calculating primary
earnings per share 22,143 22,151 22,143 22,134
Additional shares resulting from
assumed conversion of 8% Convertible
Debentures 6,908 6,908 6,908 6,908
Additional shares resulting from
assumed exercise of stock options 5 0 6 0
--------- --------- --------- ---------
29,056 29,059 29,057 29,042
========= ========= ========= =========
Fully diluted earnings (loss) per share:
Income (loss) from continuing
operations $ (.37) $ (.20) $ (.00) $ .10
Loss from discontinued operations (.10) (.10)
--------- --------- --------- ---------
Fully diluted income (loss) per share $ (.47)(1) $ (.20)(1) $ (.10)(1) $ .10(1)
========= ========= ========= =========
(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.