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 ====== ====== ====== </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.