EXHIBIT 11
CONMED Corporation
Computation of Weighted Average Number of Shares of Common Stock
Year Ended December,
(in thousands)
1996 1997 1998
------ ------ ------
Shares outstanding at beginning of period................................. 11,000 14,989 15,062
Weighted average shares issued............................................ 3,045 8 23
------ ------ ------
Shares used in the calculation of basic EPS
(weighted average shares outstanding)................................ 14,045 14,997 15,085
Effect of dilutive potential securities........................................ 451 - 236
------ ------ ------
Shares used in the calculation of diluted EPS............................. 14,496 14,997 15,321
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>4
<TEXT>
EXHIBIT 12
CONMED Corporation
Statement Showing Computations of Ratio of Earnings to Fixed Charges
1994 1995 1996 1997 1998
--------- --------- --------- --------- ---------
Income (loss) before income taxes
and extraordinary item $ 8,306 $ 16,763 $ 25,447 $ (10,705) $ 30,276
Interest expense 628 1,991 217 - 30,891
Portion of rentals representative of
interest factor 146 146 108 147 875
--------- --------- --------- --------- ---------
Total earnings available for fixed
charges $ 9,080 $18,900 $25,772 $(10,558) $ 62,042
========= ========= ========= ========= =========
Interest expense $ 628 $ 1,991 $ 217 $ - $ 30,891
Portion of rentals representative of
interest factor 146 146 108 147 875
--------- --------- --------- --------- ---------
Total fixed charges $ 774 $ 2,137 $ 325 $ 147 $ 31,766
========= ========= ========= ========= =========
Ratio of earnings to fixed charges 11.73 8.84 79.30 (A) 1.95
========= ========= ========= ========= =========
(A) As a result of the loss incurred in 1998, the Company was unable to fully
cover the indicated fixed charges.