EXHIBIT 11 CENTRAL GARDEN & PET COMPANY COMPUTATION OF FULLY DILUTED EARNINGS PER SHARE (Unaudited) (In thousands, except per share amounts)
Six Months Ended Three Months Ended March 30, March 29, March 30, March 29, 1996 1997 1996 1997 ------------ ------------ -------------- ------------ FULLY DILUTED EARNINGS PER SHARE Net Income $ 428 $ 3,231 $ 2,791 $ 5,038 Interest charges on convertible notes - net of tax -- -- -- 1,069 ------------ ------------ -------------- ------------ Total $ 428 $ 3,231 $ 2,791 $ 6,107 ============ ============ ============== ============ Fully diluted shares Common and Common equivalent shares outstanding 10,441 15,284 11,836 15,515 Convertible notes - dilutive -- -- -- 4,107 ------------ ------------ -------------- ------------ Total 10,441 15,284 11,836 19,622 ============ ============ ============== ============ Fully diluted earnings per share $ 0.04 $ 0.21 $ 0.24 $ 0.31 ============ ============ ============== ============