EXHIBIT 11 InaCom Corp. and Subsidiaries Computation of Earnings Per Share of Common Stock (in thousands except per share amounts) For the years ended December 27, December 28, December 30, 1997 1996 1995 ---- ---- ---- BASIC EARNINGS Earnings applicable to common stock $29,456 $18,733 $11,707 ======= ======= ======= Weighted average common shares outstanding 11,900 10,400 10,000 ====== ====== ====== Basic earnings per share $2.48 $1.80 $1.17 ===== ===== ===== DILUTED EARNINGS Earnings applicable to common stock $ 29,456 $18,733 $11,707 Net interest expense related to convertible debt 2,271 1,057 -- -------- ------- ------- Net income as adjusted $ 31,727 $19,790 $11,707 ======== ======= ======= Weighted average common shares outstanding 11,900 10,400 10,000 Assuming conversion of options outstanding 100 300 100 Assuming conversion of convertible debt 2,600 1,200 -- -------- ------- ------- Weighted average common shares outstanding as adjusted 14,600 11,900 10,100 ======== ======= ======= Diluted earnings per share $2.17 $1.66 $1.16 ==== ==== ====