ITRON, INC. Exhibit 11
COMPUTATION OF EARNINGS PER SHARE
(In thousands)
Year ended December 31,
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1995 1996 1997
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Weighted average number of common shares 13,095 13,297 14,118
outstanding
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Basic EPS $0.85 ($0.11) $0.07
1995 1996 1997
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Weighted average number of common shares 13,095 13,297 14,118
outstanding
Dilutive effect of outstanding common stock options and 680 0 444
warrants at average market price
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Weighted average shares outstanding based on ending 13,775 13,297 14,562
market price
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Diluted EPS based on average market price $0.81 ($0.11) $0.07