1 EXHIBIT 11 CALCULATION OF EARNINGS PER SHARE MEDAR, INC. AND SUBSIDIARIES THREE MONTHS ENDED MARCH 31 1996 1995 --------------------------- (In thousands, except per share data) Per common share and common share equivalents: Outstanding shares - beginning of period 8,712 7,976 Shares issued to acquire Integral Vision Ltd. 654 Weighted average of: Exercise of stock options 79 18 Net effect of dilutions based on treasury stock method using average market price 204 360 --------------------- TOTAL SHARES 8,995 9,008 ===================== Net earnings $ 327 $ 147 ===================== Net earnings per share $ .04 $ .02 ===================== Per common share assuming full dilution: Outstanding shares - beginning of period 8,712 7,976 Shares issued to acquire Integral Vision Ltd. 654 Weighted average of: Exercise of stock options 79 18 Net effect of dilutive stock options based on treasury stock method using quarter-end market price if higher than average market price 229 360 --------------------- TOTAL SHARES 9,020 9,008 ===================== Net earnings $ 327 $ 147 ===================== Net earnings per share $ .04 $ .02 =====================