EXHIBIT 11 THERMEDICS DETECTION INC. COMPUTATION OF EARNINGS (LOSS) PER SHARE YEAR ENDED THREE MONTHS ENDED ----------------------------------------- ----------------------- DECEMBER 31, DECEMBER 30, DECEMBER 28, MARCH 30, MARCH 29, 1994 1995 1996 1996 1997 ---- ---- ---- ---- ---- COMPUTATION OF PRIMARY EARNINGS (LOSS) PER SHARE: Net Income (Loss) (a) $ 6,380,000 $ 1,508,000 $ 362,000 $ (524,000) $ 1,024,000 ----------- ----------- ----------- ----------- ----------- Shares: Weighted average shares outstanding 10,000,000 10,000,000 10,275,385 10,032,967 10,975,926 Add: Shares issuable from assumed exercise of options and shares issued in private placements (as determined by the application of the treasury stock method) 68,834 68,834 44,888 65,889 -- ----------- ----------- ----------- ----------- ----------- Weighted averages shares, as adjusted (b) 10,068,834 10,068,834 10,320,273 10,098,856 10,975,926 ----------- ----------- ----------- ----------- ----------- Primary Earnings (Loss) per Share (a) / (b) $ .63 $ .15 $ .04 $ (.05) $ .09 =========== =========== =========== =========== ===========