EXHIBIT 11 FISHER COMPANIES INC. COMPUTATION OF PER SHARE EARNINGS Six Months Ended Three Months Ended June 30 June 30 1998 1997 1998 1997 ---------- ----------- ---------- ---------- Weighted average common shares outstanding during the period: 8,539,028 8,533,014 8,541,699 8,535,032 Dilutive effect of: Restricted stock rights 24,674 23,760 24,358 25,492 Stock options 27,991 16,185 37,236 20,653 ---------- ----------- ---------- ---------- Weighted average shares outstanding assuming dilution 8,591,693 8,572,959 8,603,293 8,581,177 ========== =========== ========== ========== Net income $9,932,000 $10,916,000 $6,557,000 $7,035,000 ========== =========== ========== ========== Net income per common share $ 1.16 $ 1.28 $ .77 $ .82 ========== =========== ========== ========== Net income per common share assuming dilution $ 1.16 $ 1.27 $ .76 $ .82 ========== =========== ========== ========== Share amounts have been restated to reflect the two-for-one stock split that was effective March 6, 1998.