1 EXHIBIT 11 GENESCO INC. AND CONSOLIDATED SUBSIDIARIES Earnings Per Common and Common Share Equivalent ============================================================================================================================ THREE MONTHS ENDED OCTOBER 31, NINE MONTHS ENDED OCTOBER 31, --------------------------------------------------------------------------- 1995 1994 1995 1994 ----------------- ------------------- ----------------- ----------------- IN THOUSANDS EARNINGS SHARES EARNINGS SHARES EARNINGS SHARES EARNINGS SHARES - ---------------------------------------------------------------------------------------------------------------------------- PRIMARY EARNINGS (LOSS) PER SHARE Earnings (loss) before discontinued operations $4,231 $(22,973) $(10,285) $(23,222) Preferred dividend requirements $75 $ 75 $ 226 $226 - ---------------------------------------------------------------------------------------------------------------------------- Earnings (loss) before discontinued operations applicable to common stock and average common shares outstanding $4,156 24,346 $(23,048) 24,337 $(10,511) 24,344 $(23,448) 24,320 Employees preferred and stock options deemed to be a common stock equivalent 509 -0- -0- -0- - ---------------------------------------------------------------------------------------------------------------------------- Totals before discontinued operations $4,156 24,855 $(23,048) 24,337 $(10,511) 24,344 $(23,448) 24,320 PER SHARE $ .17 $ (.95) $ (.43) $ (.96) ============================================================================================================================ Net earnings (loss) $4,231 $(93,160) $ 4,067 $(96,349) Preferred dividend requirements $ 75 $ 75 $ 226 $ 226 - ---------------------------------------------------------------------------------------------------------------------------- Net earnings (loss) applicable to common stock and average common shares outstanding $4,156 24,346 $(93,235) 24,337 $ 3,841 24,344 $(96,575) 24,320 Employees preferred and stock options deemed to be a common stock equivalent 509 -0- -0- -0- - ---------------------------------------------------------------------------------------------------------------------------- Total net earnings (loss) $4,156 24,855 $(93,235) 24,337 $ 3,841 24,344 $(96,575) 24,320 PER SHARE $.17 $ (3.83) $ .16 $ (3.97) ============================================================================================================================ FULLY DILUTED EARNINGS (LOSS) PER SHARE Earnings (loss) before discontinued operations applicable to common stock and average common shares outstanding $4,156 24,855 $(23,048) 24,337 $(10,511) 24,344 $(23,448) 24,320 Senior securities the conversion of which would dilute earnings per share -0- -0- -0- -0- - ---------------------------------------------------------------------------------------------------------------------------- Totals before discontinued operations $4,156 24,855 $(23,048) 24,337 $(10,511) 24,344 $(23,448) 24,320 PER SHARE $ .17 $ (.95) $ (.43) $ (.96) ============================================================================================================================ Net earnings (loss) applicable to common stock and average common shares outstanding $4,156 24,855 $(93,235) 24,337 $ 3,841 24,344 $(96,575) 24,320 Senior securities the conversion of which would dilute earnings per share -0- -0- -0- -0- - ---------------------------------------------------------------------------------------------------------------------------- Total net earnings (loss) $4,156 $(93,235) 24,337 $ 3,841 24,344 $(96,575) 24,320 PER SHARE $ .17 $(3.83) $ .16 $ (3.97) ============================================================================================================================ All figures in thousands except amount per share.