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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 NINE MONTHS ENDED
SEPTEMBER 29, OCTOBER 1, SEPTEMBER 29, OCTOBER 1,
1996 1995 1996 1995
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(UNAUDITED) (UNAUDITED)
Weighted average common shares
outstanding ................................ 40,688,502 38,192,058 40,527,250 37,949,954
Weighted average options outstanding ........ 7,210,332 7,488,828 6,940,062 7,601,822
Shares assumed to be purchased .............. (4,695,733) (3,596,034) (3,613,790) (3,975,692)
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Primary weighted average common and common
equivalent shares outstanding .............. 43,203,101 42,084,852 43,853,522 41,576,084
Dilutive effect of weighted average shares .. 219,532 3,664 (3,236) 447,876
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Fully diluted weighted average common
and common equivalent shares outstanding ... 43,422,633 42,088,516 43,850,286 42,023,960
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