INTERNATIONAL MUREX TECHNOLOGIES CORPORATION
COMPUTATION OF EARNINGS PER SHARE
YEAR ENDED
DECEMBER 31,
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1994 1995 1996
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PRIMARY (3)
Weighted average shares outstanding
during the period 16,661 16,381 16,215
Shares issued upon assumed exercise
of stock options and warrants, less
amounts assumed repurchased under
treasury stock method(1) 78 296
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Total common shares and common
shares equivalents 16,739 16,381 16,511
Net income (loss) $14,224 ($6,610) $1,849
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Primary per share amount $0.85 ($0.40) $0.11
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FULLY DILUTED (2), (3)
Total common shares and common
share equivalents 16,739 16,381 16,511
Additional shares issued upon
assumed exercise of stock
options and warrants,
less amounts assumed
repurchased under treasury
stock method(1) 445
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Total 16,739 16,381 16,956
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Net income (loss) $14,224 ($6,610) $1,849
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Fully diluted per share amount $0.85 ($0.40) $0.11
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(1) Shares issued from assumed exercise of options and warrants include
the number of incremental shares which result from applying the
"treasury stock method" for options and warrants, APB Opinion
No. 15, paragraph 36. The options and warrants are antidilutive
in 1995 and are not included in the calculation.
(2) This calculation is submitted in accordance with 17 CFR 229.601(b)(11)
although not required by APB Opinion No. 15 because it results in
dilution of less than 3%.
(3) Weighted average share and dollar amounts, except per share amounts,
are stated in thousands.