EXHIBIT 11
CALCULATION OF EARNINGS PER SHARE
MEDAR, INC. AND SUBSIDIARIES
Three Months ended March 31
1995 1994
Per common share and common share equivalents:
Outstanding shares - beginning of period 7,976,187 6,608,987
Shares issued to acquire Integral Vision Ltd. 654,282 654,282
Weighted average of:
Issuance of common shares to
purchase software 10,667
Exercise of stock options 18,403 13,710
Net effect of dilutive stock options based on
treasury stock method using average market price 359,542 437,613
TOTAL SHARES 9,008,414 7,725,259
Net earnings $ 146,601 $ 958,381
Net earnings per share $ .02 $ .12
Per common share assuming full dilution:
Outstanding shares - beginning of period 7,976,187 6,608,987
Shares issued to acquire Integral Vision Ltd. 654,282 654,282
Weighted average of:
Issuance of common shares to
purchase software 10,667
Exercise of stock options 18,403 13,710
Net effect of dilutive stock options based on
treasury stock method using quarter-end market
price if higher than average market price 359,542 437,613
TOTAL SHARES 9,008,414 7,725,259
Net earnings $ 146,601 $ 958,381
Net earnings per share $ .02 $ .12