1
Exhibit 11.01
GENERAL HOST CORPORATION
ADDITIONAL EARNINGS PER SHARE INFORMATION
FISCAL YEARS ENDED JANUARY 28, 1996, JANUARY 29, 1995
AND JANUARY 30, 1994
(In thousands, except per share amounts)
1995 1994 1993
-------- -------- --------
Earnings (loss) for full dilution:
Income (loss) from continuing operations $ (4,339) $ 8,585 $(55,220)
Add interest on 8% Convertible Debentures,
net of tax effect 5,200 5,200 3,640
-------- -------- --------
Income (loss) from continuing operations,
as adjusted 861 13,785 (51,580)
Loss from discontinued operations (3,000) (840)
-------- -------- --------
Net income (loss), as adjusted $ (2,139) $ 13,785 $(52,420)
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Shares used for calculating
primary earnings per share 23,249 23,244 22,860
Additional shares from assumed conversion
of 8% Convertible Debentures 7,254 7,254 7,254
Additional shares resulting from
assumed exercise of stock options 0 0 2
-------- -------- --------
30,503 30,498 30,116
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Fully diluted earnings (loss) per share:
Income (loss) from continuing operations $ .03 $ .45 $ (1.71)
Loss from discontinued operations (.10) (.03)
-------- -------- --------
Net income (loss) $ (.07)1 $ .45 1 $ (1.74)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.