EXHIBIT 11 THE COOPER COMPANIES, INC. AND SUBSIDIARIES CALCULATION OF EARNINGS (LOSS) PER SHARE Years Ended October 31, ------------------------------------------------- 1996 1995 1994 (In thousands, except per share figures) Primary: Net income (loss) ..................................................... $ 16,603 $ 115 $ (4,786) ======== ======== ======== Weighted average number of common shares outstanding ........................................................... 11,645 11,416 10,193 Number of common equivalent shares using the treasury stock method ................................................. 116 160 -- -------- -------- -------- Average number of common shares used to compute earnings per share ............................................ 11,761 11,576 10,193 ======== ======== ======== Earnings (loss) per share ............................................. $ 1.41 $ 0.01 $ (0.47) ======== ======== ======== Fully diluted: Net income (loss) ..................................................... $ 16,603 $ 115 $ (4,786) ======== ======== ======== Weighted average number of common shares outstanding ........................................................... 11,645 11,416 10,193 Number of common equivalent shares using the treasury stock method ................................................. 169 207 -- -------- -------- -------- Average number of common shares used to compute earnings per share ............................................ 11,814 11,623 10,193 ======== ======== ======== Earnings (loss) per share ............................................. $ 1.41 $ 0.01 $ (0.47) ======== ======== ========