1 EXHIBIT 11 SERVICE EXPERTS, INC. EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE THREE MONTHS ENDED MARCH 31, --------- (In thousands, except per share data) 1996 1997 Net income $ 33 $ 1,827 Average shares outstanding 1,561 12,126 Net effect of dilutive stock options based on the treasury stock method using average market price - 143 -------- -------- Weighted average shares 1,561 12,269 -------- --------- Net income per common share $ 0.02 $ 0.15 ======== =========