EXHIBIT 11 FINE HOST CORPORATION Computation of Per Share Earnings Three Months Ended Six Months Ended June 25, June 26, June 25, June 26, 1997 1996 1997 1996 ----------------------------------------- Income applicable to Common Stock $1,252 250 $2,100 $ 509 Stock warrant accretion - (260) - (1,300) ------ ----- ------ ------- Net income (loss) available to Common Stockholders $1,252 (10) $2,100 $ (791) ====== ===== ====== ======= Weighted average number of common shares Outstanding (Basic) 8,901,812 2,306,096 8,266,101 2,177,148 Average convertible Preferred shares outstanding - 939,197 - 939,197 Assumed conversion of: Warrants - 391,708 - 387,260 Options 286,522 75,147 330,375 71,823 Subordinated Notes 37,188 -- 37,188 -- ---------- -------- --------- ---------- Average number of shares of Common Stock outstanding assuming full dilution 9,225,522 3,712,148 8,633,664 3,575,428 ========= ========= ========= ========= Net income (loss) per share assuming full dilution$ $.14 $-- $ .24 $ .(22) ========= ===== ======= =======