EXHIBIT 11 SURGICAL LASER TECHNOLOGIES, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) (In thousands, except per share data) For the Quarter Ended: For the Six Months Ended: ---------------------- ------------------------- Jul. 2, Jul. 3, Jul. 2, Jul. 3, 1995 1994 1995 1994 -------- -------- ------- ------- Primary Earnings (Loss) Per Common Share: Net income (loss) ($1,684) $950 ($2,945) $695 -------- -------- ------- ------- Weighted average number of shares of Common Stock outstanding during the period 9,850 9,110 9,848 9,089 Additional shares assuming excercise of stock options and warrants utilizing the treasury stock method - 150 - 101 -------- -------- ------- ------- Weighted average Common Stock and Common Stock equivalents outstanding 9,850 9,260 9,848 9,190 -------- -------- ------- ------- Primary earnings (loss) per share ($0.17) $0.10 ($0.30) $0.08 ======== ======== ======= ======= Fully Diluted Earnings (Loss) Per Common Share: Net income (loss) ($1,684) $987 ($2,944) $770 -------- -------- ------- ------- Weighted average number of shares of Common Stock outstanding during the period 9,850 9,110 9,848 9,089 Additional shares assuming excercise of stock options and warrants utilizing the treasury stock method - 150 - 101 Additional shares assuming conversion of convertible subordinated notes - 441 - 441 -------- -------- ------- ------- Weighted average Common Stock and Common Stock equivalents outstanding 9,850 9,701 9,848 9,631 -------- -------- ------- ------- Fully diluted earnings (loss) per share ($0.17) $0.10 ($0.30) $0.08 ======== ======== ======= ======= -15-