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EXHIBIT 11
CALCULATION OF EARNINGS PER SHARE
MEDAR, INC. AND SUBSIDIARIES
THREE MONTHS ENDED
MARCH 31
1997 1996
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(In thousands except per
share data)
Per common share and common share equivalents:
Outstanding shares - beginning of period 8,852 8,712
Weighted average of:
Exercise of stock options 79
Net effect of dilutions based on treasury stock method using
average market price 41 204
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TOTAL SHARES 8,893 8,995
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Net earnings $ 26 $ 327
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Net earnings per share $ 0 $ .04
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Per common share assuming full dilution:
Outstanding shares - beginning of period 8,852 8,712
Weighted average of:
Exercise of stock options 79
Net effect of dilutive stock options based on treasury stock
method using quarter-end market price if higher than average
market price 45 229
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TOTAL SHARES 8,897 9,020
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Net earnings $ 26 $ 327
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Net earnings per share $ 0 $ .04
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