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EXHIBIT 11
CALCULATION OF EARNINGS PER SHARE
MEDAR, INC. AND SUBSIDIARIES
THREE MONTHS ENDED JUNE 30
1995 1994
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Per common share and common share equivalents:
Outstanding shares - beginning of period 8,663,869 6,667,887
Shares issued to acquire Integral Vision Ltd. 654,282
Weighted average of:
Issuance of 1,300,000 common shares 542,857
Exercise of stock options 32,828
Net effect of dilutive stock options based on
treasury stock method using average market price 404,202
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TOTAL SHARES 8,696,697 8,269,228
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Net earnings (loss) $ (2,293,232) $ 1,115,276
============ ==============
Net earnings (loss) per share $ (.26) $ .13
============ ==============
Per common share assuming full dilution:
Outstanding shares - beginning of period 8,663,869 6,667,887
Shares issued to acquire Integral Vision Ltd. 654,282
Weighted average of:
Issuance of 1,300,000 common shares 542,857
Exercise of stock options 32,828
Net effect of dilutive stock options based on
treasury stock method using quarter-end market
price if higher than average market price 404,202
------------ --------------
TOTAL SHARES 8,696,697 8,269,228
============ ==============
Net earnings (loss) $ (2,293,232) $ 1,115,276
============ ==============
Net earnings (loss) per share $ (.26) $ .13
============ ==============
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EXHIBIT 11
CALCULATION OF EARNINGS PER SHARE
MEDAR, INC. AND SUBSIDIARIES
SIX MONTHS ENDED JUNE 30
1995 1994
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Per common share and common share equivalents:
Total shares for quarter ended:
March 31 8,648,872 7,725,259
June 30 8,696,697 8,269,228
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17,345,569 15,994,487
============ ==============
Average number of common shares and
common share equivalents 8,672,785 7,997,244
============ ==============
Net earnings (loss) $ (2,146,631) $ 2,073,657
============ ==============
Net earnings (loss) per share $ (.25) $ .26
============ ==============
Per common share and common share
equivalents assuming full dilution:
Total shares for quarter ended:
March 31 8,648,872 7,725,259
June 30 8,696,697 8,269,228
------------ --------------
17,345,569 15,994,487
============ ==============
Average number of common shares and
common share equivalents 8,672,785 7,997,244
============ ==============
Net earnings (loss) $ (2,146,631) $ 2,073,657
============ ==============
Net earnings (loss) per share $ (.25) $ .26
============ ==============
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