1 EXHIBIT 11 ROYAL APPLIANCE MFG. CO. AND SUBSIDIARIES FORM 10-Q COMPUTATION OF EARNINGS PER COMMON SHARE (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) THREE MONTHS ENDED MARCH 31, --------------- 1997 1996 --------- --------- Net income applicable to common shares $ 606 $ 332 ========= ========= Primary: Weighted average common shares outstanding for the period 24,010 23,999 Dilutive stock options - based on the treasury stock method using average market price 380 0 --------- --------- TOTALS 24,390 23,999 ========= ========= Fully diluted: Weighted average shares outstanding 24,010 23,999 Dilutive stock options - based on the treasury stock method using the period-ended market price if higher than the average market price 376 125 --------- --------- TOTALS 24,386 24,124 ========= ========= Income per common and common equivalent share: Primary $ .02 $ .01 Fully diluted (A) $ .02 $ .01 (A) This calculation is submitted in accordance with Regulation S-K Item 601(b)(11) although not required for statement of operations presentation because it results in dilution of less than 3 percent. 15