1 EXHIBIT 11 GENRAD, INC. AND SUBSIDIARIES COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) Three Months Ended Twelve Months Ended ----------------------------- ---------------------------- December 30, December 31, December 30, December 31, 1995 1994 1995 1994 ------------ ------------ ------------ ------------ PRIMARY: - -------- Weighted average number of shares outstanding 20,013,000 19,195,000 19,742,000 18,985,000 Shares deemed outstanding from the assumed exercise of stock options 1,397,000 593,000 1,050,000 709,000 ----------- ----------- ----------- ----------- Total: 21,410,000 19,788,000 20,792,000 19,694,000 =========== =========== =========== =========== Earnings applicable to common shares $ 3,242,000 $ 1,346,000 $12,410,000 $ 5,419,000 =========== =========== =========== =========== Earnings per share of common stock $ 0.15 $ 0.07 $ 0.60 $ 0.28 =========== =========== =========== =========== FULLY DILUTED: - -------------- Weighted average number of shares outstanding 20,013,000 19,195,000 19,742,000 18,985,000 Shares deemed outstanding from the assumed exercise of stock options 1,617,000 899,000 1,617,000 899,000 ----------- ----------- ----------- ----------- Total: 21,630,000 20,094,000 21,359,000 19,884,000 =========== =========== =========== =========== Earnings applicable to common shares $ 3,242,000 $ 1,346,000 $12,410,000 $ 5,419,000 =========== =========== =========== =========== Earnings per share of common stock $ 0.15 $ 0.07 $ 0.58 $ 0.27 =========== =========== =========== ===========