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EXHIBIT 11
PERCEPTRON, INC. AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Earnings Per Share
Year Ended December 31,
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1996 1995 1994
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A. Net Income $8,347,000 $8,841,000 $6,031,000
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Weighted average number of common shares outstanding 7,351,371 6,941,538 6,517,065
Effect of the issuance of stock options and warrants and assumed
exercise of stock options and warrants at prices which are lower
than the average market price of the common shares
during the period, using the treasury stock method 672,018 703,339 774,655
Effect of convertible shares held by a minority shareholder
of a foreign subsidiary, which were converted into
common stock on June 23, 1994 --- --- 93,753
B. Weighted average number of common shares and common ---------- ---------- ----------
equivalent shares for primary earnings per share 8,023,389 7,644,877 7,385,473
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Weighted average number of common shares outstanding 7,351,371 6,941,538 6,517,065
Effect of the issuance of stock options and warrants and assumed
exercised of stock options and warrants at prices which are lower
than the market price of the common shares at the
end of the period, using the treasury stock method 740,229 871,833 946,413
Effect of convertible shares held by a minority shareholder
of a foreign subsidiary, which were converted into
common stock on June 23, 1994 --- --- 93,753
C. Weighted average number of common shares and common ---------- ---------- ----------
equivalent shares for fully diluted earnings per share 8,091,600 7,813,371 7,557,231
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Primary earnings per share (A/B) $ 1.04 $ 1.16 $ .82
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Fully diluted earnings per share (A/C) $ 1.03 $ 1.13 $ .80
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