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 1993 1994 1995 Common Equivalent Share: ------ ------ ------ Reported Income before Minority Interest $8,387 $9,015 $9,763 Minority Interest 414 244 86 ------ ------ ------ Net Income $7,973 $8,771 $9,677 ====== ====== ====== Average Number of Shares Used to Compute Earnings Per Common Share 5,027 5,066 5,101 Effect of Unexercised Stock Options 59 48 52 ------ ------ ------ Average Number of Shares Used to Compute Earnings Per Common and Common Equivalent Share 5,086 5,114 5,153 ====== ====== ====== Earnings Per Common and Common Equivalent Share $ 1.57 $ 1.72 $ 1.88 ====== ====== ====== Computation of Earnings Per Common Share Assuming Full Dilution: Reported Income before Minority Interest $8,387 $9,015 $9,763 Minority Interest 414 244 86 ------ ------ ------ Net Income $7,973 $8,771 $9,677 ====== ====== ====== Average Number of Shares Used to Compute Earnings Per Common Share 5,027 5,066 5,101 Effect of Unexercised Stock Options 99 48 80 ------ ------ ------ Average Number of Shares Used to Compute Earnings Per Common Share Assuming Full Dilution 5,126 5,114 5,181 ====== ====== ====== Earnings Per Common Share Assuming Full Dilution $ 1.56 $ 1.72 $ 1.87 ====== ====== ====== (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.