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EXHIBIT 11
CALCULATION OF EARNINGS PER SHARE
MEDAR, INC. AND SUBSIDIARIES
THREE MONTHS ENDED SEPTEMBER 30
1996 1995
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Per common share and common share equivalents:
Outstanding shares - beginning of period 8,802 8,706
Weighted average of:
Exercise of stock options 33 3
Net effect of dilutions based on treasury
stock method using average market price 179
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TOTAL SHARES 9,014 8,709
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Net earnings (loss) $ 607 $ (649)
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Net earnings (loss) per share $ .07 $ (.07)
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Per common share assuming full dilution:
Outstanding shares - beginning of period 8,802 8,706
Weighted average of:
Exercise of stock options 33 3
Net effect of dilutive stock options based on
treasury stock method using quarter-end market
price if higher than average market price 179
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TOTAL SHARES 9,014 8,709
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Net earnings (loss) $ 607 $ (649)
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Net earnings (loss) per share $ .07 $ (.07)
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EXHIBIT 11
CALCULATION OF EARNINGS PER SHARE
MEDAR, INC. AND SUBSIDIARIES
NINE MONTHS ENDED SEPTEMBER 30
1996 1995
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Per common share and common share equivalents:
Total shares for quarter ended:
March 31 8,995 8,649
June 30 9,081 8,697
September 30 9,014 8,709
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22,090 26,055
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Weighted average number of shares of common
stock and common stock equivalents where
applicable 9,030 8,685
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Net earnings (loss) $ 1,821 $(2,796)
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Net earnings (loss) per share $ .20 $ (.32)
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Per common share and common share equivalents
assuming full dilution:
Total shares for quarter ended:
March 31 9,020 8,649
June 30 9,085 8,697
September 30 9,014 8,709
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27,119 26,055
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Weighted average number of shares of common
stock and common stock equivalents where
applicable 9,040 8,685
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Net earnings (loss) $ 1,821 $(2,796)
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Net earnings (loss) per share $ .20 $ (.32)
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