1
EXHIBIT 11
WYNDHAM HOTEL CORPORATION
COMPUTATION OF EARNINGS PER SHARE
QUARTER AND SIX MONTHS ENDED JUNE 30, 1995 AND 1996
(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
Quarter Ended Six Months Ended
June 30 June 30
------------------------ ---------------------
1995 1996 1995 1996
----------- ---------- --------- ----------
Primary Earnings Per Share:
- ---------------------------
Number of Shares Outstanding:
Common stock - 20,018 - 20,018
Assumed exercise of stock options - 214 - 214
---------- --------- --------- ----------
- 20,232 - 20,232
========== ========= ========= ==========
Income before extraordinary item $ 2,177 $ 13,624 $ 5,195 $ 18,790
Extraordinary item - (1,131) - (1,131)
---------- --------- --------- ----------
Net income $ 2,177 $ 12,493 $ 5,195 $ 17,659
========== ========= ========= ==========
Earnings per share:
Income before extraordinary item N/A $ .67 N/A $ .93
Extraordinary item N/A (.06) N/A (.06)
--------- ----------
Net Income N/A $ .61 N/A $ .87
========= ==========
Fully Diluted Earnings Per Share:
- ---------------------------------
Number of Shares Outstanding:
Common stock - 20,018 - 20,018
Assumed exercise of stock options - 214 - 214
---------- --------- --------- ----------
- 20,232 - 20,232
========== ========= ========= ==========
Income before extraordinary item $ 2,177 $ 13,624 $ 5,195 $ 18,790
Extraordinary item - (1,131) - (1,131)
---------- --------- --------- ----------
Net Income $ 2,177 $ 12,493 $ 5,195 $ 17,659
========== ========= ========= ==========
Earnings per share:
Income before extraordinary item N/A $ .67 N/A $ .93
Extraordinary item N/A (.06) N/A (.06)
--------- ----------
Net Income N/A $ .61 N/A $ .87
========= ==========