1 EXHIBIT 11 ROTO-ROOTER, INC. AND SUBSIDIARY COMPANIES Computation of Per Share Earnings (a) (in thousands except per share amounts) Year Ended December 31, --------------------------------------------------- Computation of Earnings per Common and 1992 1993 1994 Common Equivalent Share: -------- -------- -------- - ---------------------------------------- Reported Income before Minority Interest $6,857 $8,387 $9,015 Minority Interest 232 414 244 ------ ------ ------ Net Income $6,625 $7,973 $8,771 ====== ====== ====== Average Number of Shares Used to Compute Earnings Per Common Share 4,994 5,027 5,066 Effect of Unexercised Stock Options 37 59 48 ------ ------ ------ Average Number of Shares Used to Compute Earnings Per Common and Common Equivalent Share 5,031 5,086 5,114 ====== ====== ====== Earnings Per Common and Common Equivalent Share $ 1.32 $ 1.57 $ 1.72 ====== ====== ====== Computation of Earnings Per Common Share Assuming Full Dilution: - ---------------------------------------- Reported Income before Minority Interest $6,857 $8,387 $9,015 Minority Interest 232 414 244 ------ ------ ------ Net Income $6,625 $7,973 $8,771 ====== ====== ====== Average Number of Shares Used to Compute Earnings Per Common Share 4,994 5,027 5,066 Effect of Unexercised Stock Options 72 99 48 ------ ------ ------ Average Number of Shares Used to Compute Earnings Per Common Share Assuming Full Dilution 5,066 5,126 5,114 ====== ====== ====== Earnings Per Common Share Assuming Full Dilution $ 1.31 $ 1.56 $ 1.72 ====== ====== ====== <FN> (a) This calculation is submitted in accordance with Regulation S-K, Item 601(b)(11), although not required by footnote 2 to paragraph 14 of APB Opinion No. 15 because it results in dilution of less than 3% including fractional cents per share.