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EXHIBIT 11
COGNEX CORPORATION
CALCULATION OF WEIGHTED AVERAGE COMMON
AND COMMON EQUIVALENT SHARES OUTSTANDING
Weighted average common and common share equivalents were computed as follows:
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JULY 2, JUNE 30, JULY 2,
1996 1995 1996 1995
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(UNAUDITED) (UNAUDITED)
Weighted average common shares outstanding 40,558,441 37,784,780 40,446,624 37,709,664
Weighted average options outstanding ..... 6,572,834 7,661,964 6,862,869 7,738,794
Shares assumed to be purchased ........... (3,265,072) (4,186,292) (3,343,468) (4,357,560)
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Primary weighted average common and
common equivalent shares outstanding ... 43,866,203 41,260,452 43,966,025 41,090,898
Dilutive effect of weighted average shares 532 373,614 531 574,634
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Fully diluted weighted average common and
common equivalent shares outstanding ... 43,866,735 41,634,066 43,966,556 41,665,532
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