CANTEL INDUSTRIES, INC.
Computation of Earnings per Share
Exhibit 11
For the Years Ended July 31,
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PRIMARY 1995 1994 1993
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Weighted average number of shares
outstanding 2,747,533 2,592,597 2,033,080
Dilutive effect of options and warrants
using the modified treasury stock method
and average market price for the period 394,806 418,629 -
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Weighted average number of shares and
common stock equivalents assuming no
redemption or conversion of preferred
stocks 3,142,339 3,011,226 2,033,080
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Income from continuing operations before
extraordinary gain and dividends on
preferred stocks $1,001,000 $1,246,000 $ 88,000
Dividends on preferred stocks - (314,000) (1,185,000)
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Income (loss) from continuing operations
before extraordinary gain assuming no
redemption or conversion of preferred
stocks 1,001,000 932,000 (1,097,000)
Discontinued operations - 562,000 (24,000)
Extraordinary gain on extinguishment of
debt - 1,211,000 -
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Net income (loss) attributable to
common stock $1,001,000 $2,705,000 $(1,121,000)
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Primary earnings per share assuming
no conversion or redemption of
preferred stocks:
Continuing operations $0.32 $0.31 $(0.54)
Discontinued operations - 0.19 $(0.01)
Extraordinary gain on extinguishment
of debt - 0.40 -
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Net income (loss) $0.32 $0.90 ($0.55)
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CANTEL INDUSTRIES, INC.
Computation of Earnings per Share
Exhibit 11
For the Years Ended July 31,
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FULLY DILUTED 1995 1994 1993
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Weighted average number of shares
outstanding 2,747,533 2,592,597 2,465,400
Dilutive effect of options and warrants
using the modified treasury stock method
and the higher of the period-end or
average market price for the period 398,003 462,261 -
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Weighted average number of shares and
common stock equivalents assuming no
redemption or conversion of preferred
stocks 3,145,536 3,054,858 2,465,400
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Income from continuing operations
before extraordinary gain and dividends
on preferred stocks $1,001,000 $1,246,000 $ 88,000
Dividends on preferred stocks (1) - (314,000) (933,000)
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Income (loss) from continuing operations
before extraordinary gain assuming no
redemption or conversion of preferred
stocks 1,001,000 932,000 (845,000)
Discontinued operations - 562,000 (24,000)
Extraordinary gain on extinguishment of
debt - 1,211,000 -
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Net income (loss) attributable to
common stock (1) $1,001,000 $2,705,000 $(869,000)
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Fully diluted earnings per share assuming
no redemption or conversion of
preferred stocks (1):
Continuing operations $0.32 $0.31 $(0.34)
Discontinued operations - 0.18 $(0.01)
Extraordinary gain on extinguishment
of debt - 0.40 -
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Net income (loss) $0.32 $0.89 ($0.35)
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(1) Includes the adding back, in fiscal 1993, of Series B Preferred Stock
dividends of $100,000 and Series B Preferred Stock imputed dividends of
$152,000 to reflect the conversion of the Series B Preferred Stock into
600,000 shares of common stock as of the beginning of the fiscal year.