1 EXHIBIT 11 CLEAN HARBORS, INC. AND SUBSIDIARIES COMPUTATION OF NET INCOME PER SHARE FOR THE QUARTERS ENDED MARCH 31, 1996 & MARCH 31, 1995 (IN THOUSANDS) THREE MONTHS ENDED MARCH 31, ------------------ 1996 1995 ------ ------ Net loss $(1,642) $ (590) Less preferred dividends accrued 112 111 ------- ------ Adjusted net loss (1,754) $ (701) ======= ====== Loss per common and common equivalent share: Weighted average number of shares outstanding 9,560 9,431 Incremental shares for stock options under treasury stock method --- 14 ------- ------ Weighted average number of common and common equivalent shares outstanding 9,560 9,445 ======= ====== Net loss per common and common equivalent share $ (.18) $ (.07) ======= ====== Loss per common and common equivalent share - assuming full dilution: Weighted average number of shares outstanding 9,560 9,431 Incremental shares for stock options under treasury stock method --- 14 ------- ------ Weighted average number of common and common equivalent shares outstanding - assuming full dilution 9,560 9,445 ======= ====== Net loss per common and common equivalent share - assuming full dilution $ (.18) $ (.07) ======= ======