CROSS MEDICAL PRODUCTS, INC. AND SUBSIDIARY
EXHIBIT 11
COMPUTATION OF NET INCOME PER SHARE
FOR THE THREE AND NINE MONTH PERIODS ENDING SEPTEMBER 30, 1997 AND 1996
Three Three Nine Nine
Months Months Months Months
Ended Ended Ended Ended
September 30, September 30, September 30, September 30,
1997 1996 1997 1996
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Weighted average number of common shares outstanding 5,080,762 4,776,571 5,012,454 4,754,819
Shares issuable pursuant to stock option plans and
stock warrants 237,090 206,334 254,018
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Weighted average shares outstanding used in primary
earnings per share calculation 5,080,762 5,013,661 5,218,788 5,008,837
Shares issuable under the Convertible Subordinated
Debentures 630,277 646,154 630,277 646,154
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Weighted average shares outstanding used in fully
diluted earnings per share calculation 5,711,039 5,659,815 5,849,065 5,654,991
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Net loss from continuing operations $(43,000) $(184,000) $(134,000) $(407,000)
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Net income from discontinued operations $375,000 $2,598,000 $881,000
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Net income (loss) used in calculation of primary earnings
per share $(43,000) $191,000 $2,464,000 $474,000
Interest, net of tax, on Convertible Subordinated
Debentures $67,000 $67,000 $198,000 $89,000
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Net income used in calculation of fully diluted
earnings per share $24,000 $258,000 $2,662,000 $563,000
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Primary earnings per share:
Net loss per share from continuing operations $(.01) $(.04) $(.03) $(.09)
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Net income per share from discontinued operations $.08 $.50 $.18
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Net income (loss) per share $(.01) $.04 $.47 $.09
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Fully diluted earnings per share:
Net loss per share from continuing operations $.00 $(.02) $.01 $(.06)
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Net income per share from discontinued operations $.07 $.43 $.16
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Net income per share $.00 $.05 $.44 $.10
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