EXHIBIT 11 SUNBEAM CORPORATION AND SUBSIDIARIES CALCULATIONS OF EARNINGS PER SHARE OF COMMON STOCK (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) THREE MONTHS ENDED NINE MONTHS ENDED --------------------------------- -------------------------------- SEPTEMBER 29, SEPTEMBER 28, SEPTEMBER 29, SEPTEMBER 28, 1996 1997 1996 1997 --------------- --------------- --------------- -------------- (UNAUDITED) (UNAUDITED) Net earnings (loss) applicable to common shareholders ..................... $ (18,088) $34,572 $ 6,478 $67,654 ========= ======== ======== ======== Weighted average number of common shares outstanding ............... 83,578 85,283 82,543 84,762 Add: Common shares issuable for exercise of options, net of shares assumed to have been acquired with proceeds therefrom ........................... -- 2,950 1,250 3,122 --------- -------- -------- -------- Number of shares applicable to earnings per share calculation .................. 83,578 88,233 83,793 87,884 ========= ======== ======== ======== Earnings (loss) per share of common stock.. $ (.22) $ .39 $ .08 $ .77