EXHIBIT 11 CENTRAL GARDEN & PET COMPANY COMPUTATION OF EARNINGS PER COMMON SHARE (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
FISCAL YEAR FISCAL YEAR NINE-MONTH ENDED ENDED PERIOD ENDED SEPTEMBER 27, SEPTEMBER 28, SEPTEMBER 30, 1997 1996 1995 ------------- ------------- ------------- FULLY DILUTED EARNINGS PER SHARE Net Income $17,603 $ 8,448 $ 1,079 Stock Dividend payment (45) (45) -- Interest charges on convertible notes - net of tax 3,730 -- -- ------- -------- -------- Total $21,288 $ 8,403 $ 1,079 ======= ======== ======== Fully diluted shares Common and Common equivalent shares outstanding 16,405 11,904 6,050 Convertible notes - dilutive 3,565 -- ------- -------- -------- Total 19,970 11,904 6,050 ======= ======== ======== Fully diluted earnings per share $ 1.07 $ 0.71 $ 0.18 ======= ======== ======== PRIMARY EARNINGS PER SHARE Net Income $ 17,603 $ 8,448 $ 1,079 Stock Dividend payment (45) (45) -- ------- -------- -------- Total $ 17,558 $ 8,403 $ 1,079 ======== ======= ======== Primary shares Common and Common equivalent shares outstanding 16,293 11,702 5,943 ======== ======= ======== Primary earnings per share $ 1.08 $ 0.72 $ 0.18 ======== ======== ========