ST. JUDE MEDICAL, INC. AND SUBSIDIARIES
YEAR ENDED DECEMBER 31, 1995
EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE
Year Ended December 31
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1995 1994 1993
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PRIMARY
Average shares outstanding 69,869,028 69,700,987 70,444,737
Net effect of dilutive stock options, based on the
treasury stock method using average market price 1,197,510 467,894 388,792
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TOTAL 71,066,538 70,168,881 70,833,529
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Net Income $129,417,849 $79,234,001 $109,643,072
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Earnings Per Share $1.82 $1.13 $1.55
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FULLY DILUTED
Average shares outstanding 69,869,028 69,700,987 70,444,737
Net effect of dilutive stock options, based on the
treasury stock method using year-end market price,
if higher than average market price 1,674,162 814,628 417,785
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TOTAL 71,543,190 70,515,615 70,862,522
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Net Income $129,417,849 $79,234,001 $109,643,072
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Earnings Per Share $1.81 $1.12 $1.55
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