Exhibit 11 CENTRAL GARDEN & PET COMPANY COMPUTATION OF EARNINGS PER COMMON SHARE (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
NINE MONTHS ENDED THREE MONTHS ENDED JUNE 29, JUNE 28, JUNE 29, JUNE 28, 1996 1997 1996 1997 -------------- -------------- -------------- -------------- FULLY DILUTED EARNINGS PER SHARE Net Income $ 7,063 $ 15,038 $ 6,635 $ 11,807 Interest charges on convertible notes - net of tax -- 2,662 -- 1,069 --------- ---------- -------- ---------- Total $ 7,063 17,700 6,635 12,876 ========= ========== ======== ========== Fully diluted shares Common and Common equivalent shares outstanding 11,098 15,466 12,176 15,828 Convertible notes - dilutive -- 3,385 -- 4,107 --------- ---------- -------- ---------- Total 11,098 18,851 12,176 19,935 ========= ========== ======== ========== Fully diluted earnings per share $ 0.64 $ 0.94 $ 0.54 $ 0.65 ========= ========== ======== ==========