EXHIBIT 11 FISHER COMPANIES INC. Computation of Per Share Earnings Six Months Ended Three Months Ended June 30 June 30 1999 1998 1999 1998 ----------- ---------- ----------- ---------- Weighted average common shares outstanding during the period: 8,546,168 8,539,028 8,549,952 8,541,699 Dilutive effect of: Restricted stock rights 14,506 24,674 13,088 24,358 Stock options 13,652 27,991 12,886 35,741 ----------- ---------- ----------- ---------- Weighted average shares outstanding assuming dilution 8,574,326 8,591,693 8,575,926 8,601,798 =========== ========== =========== ========== Net income $12,830,000 $9,932,000 $10,840,000 $6,557,000 =========== ========== =========== ========== Net income per common share $ 1.50 $ 1.16 $ 1.27 $ .77 =========== ========== =========== ========== Net income per common share assuming dilution $ 1.50 $ 1.16 $ 1.26 $ .76 =========== ========== =========== ==========