1 GENESCO INC. EXHIBIT (11) AND CONSOLIDATED SUBSIDIARIES Earnings Per Common and Common Share Equivalent Fiscal Year Ended - ------------------------------------------------------------------------------------------------------------------- 1997 1996 1995 ------------------- -------------------- -------------------- IN THOUSANDS EARNINGS SHARES EARNINGS SHARES EARNINGS SHARES - ------------------------------------------------------------------------------------------------------------------- PRIMARY EARNINGS (LOSS) PER SHARE Earnings (loss) before discontinued operations $ 10,554 $ (3,781) $(18,514) Preferred dividend requirements $ 301 $ 302 $ 302 - ------------------------------------------------------------------------------------------------------------------- Earnings (loss) before discontinued operations applicable to common stock and average common shares outstanding $ 10,253 24,540 $ (4,083) 24,347 $(18,816) 24,326 Employees preferred and stock options deemed to be a common stock equivalent 1,098 379 -0- - ------------------------------------------------------------------------------------------------------------------- Totals before discontinued operations $ 10,253 25,638 $ (4,083) 24,726 $(18,816) 24,326 PER SHARE $ .40 $ (.17) $ (.77) =================================================================================================================== Net earnings (loss) $ 10,404 $ 10,071 $(81,192) Preferred dividend requirements $ 301 $ 302 $ 302 - ------------------------------------------------------------------------------------------------------------------- Net earnings (loss) applicable to common stock and average common shares outstanding $ 10,103 24,540 $ 9,769 24,347 $(81,494) 24,326 Employees preferred and stock options deemed to be a common stock equivalent 1,098 379 -0- - ------------------------------------------------------------------------------------------------------------------- Total net earnings (loss) $ 10,103 25,638 $ 9,769 24,726 $(81,494) 24,326 PER SHARE $ .39 $ .40 $ (3.35) =================================================================================================================== FULLY DILUTED EARNINGS (LOSS) PER SHARE Earnings (loss) before discontinued operations applicable to common stock and average common shares outstanding $ 10,253 25,638 $ (4,083) 24,726 $(18,816) 24,326 Senior securities the conversion of which would dilute earnings per share 132 117 -0- - ------------------------------------------------------------------------------------------------------------------- Totals before discontinued operations $ 10,253 25,770 $ (4,083) 24,843 $(18,816) 24,326 PER SHARE $ .40 $ (.16) $ (.77) =================================================================================================================== Net earnings (loss) applicable to common stock and average common shares outstanding $ 10,103 25,638 $ 9,769 24,726 $(81,494) 24,326 Senior securities the conversion of which would dilute earnings per share 132 117 -0- - ------------------------------------------------------------------------------------------------------------------- TOTAL NET EARNINGS (LOSS) $ 10,103 25,770 $ 9,769 24,843 $(81,494) 24,326 PER SHARE $ .39 $ .39 $ (3.35) =================================================================================================================== All figures in thousands except amount per share.