EXHIBIT 11.0 ALCIDE CORPORATION COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE For the Years Ended May 31, 1995 1996 1997 Weighted average number of common shares outstanding 2,662,357 2,623,355 2,578,945 Assuming exercise of options reduced by the number of shares which could have been purchased with the proceeds from exercise of such options 103,605 208,733 204,119 ---------- --------- --------- Weighted average common shares outstanding and common share equivalents 2,765,962 2,832,088 2,783,064 ---------- --------- --------- ---------- --------- --------- Net income per share $.60 $.82 $1.04 ---- ---- ----- ---- ---- ----- 36