1
EXHIBIT 11
MEDEX, INC.
COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED NINE MONTHS ENDED
MARCH 31, MARCH 31,
1995 1994 1995 1994
---------- ---------- ---------- ----------
PRIMARY:
WEIGHTED AVERAGE
common shares outstanding 6,139,401 6,104,887 6,134,080 6,077,139
Common equivalent
shares - stock options 28,447(1) 157,148(1) 57,911(1) 97,560(1)
---------- ---------- ---------- ----------
Common shares and
common equivalent
shares outstanding 6,167,848 6,262,035 6,191,991 6,174,699
========== ========== ========== ==========
NET INCOME $1,073,679 $1,798,757 $1,742,923 $4,904,776
========== ========== ========== ==========
NET INCOME PER SHARE $ .17 $ .29 $ .28 $ .79
========== ========== ========== ==========
FULLY DILUTED:
Weighted average
common shares outstanding 6,139,401 6,104,887 6,134,080 6,077,139
Common equivalent
shares - stock options 31,375(1) 157,148(1) 68,399(1) 110,502(1)
---------- ---------- ---------- ----------
Common shares and
common equivalent
shares outstanding 6,170,776 6,262,035 6,202,479 6,187,641
========== ========== ========== ==========
NET INCOME $1,073,679 $1,798,757 $1,742,923 $4,904,776
========== ========== ========== ==========
NET INCOME PER SHARE $ .17 $ .29 $ .28 $ .79
========== ========== ========== ==========
- ---------------
(1) Calculated under the Treasury Stock Method using the average price or
period-end market price of Medex stock, as applicable.
15