EXHIBIT 11.0
MEASUREX CORPORATION
COMPUTATION OF NET INCOME PER SHARE
(Unaudited)
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(Dollar amounts in thousands except per share data)
Three Months Ended Nine Months Ended
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September 3, August 28, September 3, August 28,
1995 1994 1995 1994
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Primary:
Average shares outstanding 15,765 17,942 16,403 17,915
Net effect of dilutive stock options
based on the treasury stock method
using average market price 860 161 612 183
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Average common and common
equivalent shares outstanding 16,625 18,103 17,015 18,098
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Income before cumulative effect of
accounting change $ 8,485 $ 2,538 $17,190 $ 6,504
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Net income $ 8,485 $ 2,538 $17,190 $ 7,028
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Income per share before cumulative effect
of accounting change $ .51 $ .14 $ 1.01 $ .36
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Net income per share $ .51 $ .14 $ 1.01 $ .39
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Fully diluted: (Note A)
Average shares outstanding 15,765 17,942 16,403 17,915
Net effect of dilutive stock options
based on the treasury stock method
using quarter-end market price or
average market price when greater
than quarter-end price 860 278 667 226
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Average common and common
equivalent shares outstanding 16,625 18,220 17,070 18,141
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Income before cumulative effect of
accounting change $ 8,485 $ 2,538 $17,190 $ 6,504
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Net Income $ 8,485 $ 2,538 $17,190 $ 7,028
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Income per share before cumulative effect
of accounting change $ .51 $ .14 $ 1.01 $ .36
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Net income per share $ .51 $ .14 $ 1.01 $ .39
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Note A: Fully diluted earnings per share have been calculated in accordance
with Accounting Principles Board Opinion No. 15, "Earnings Per Share".