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MEDEX, INC. AND SUBSIDIARIES EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
FOR THE YEARS ENDED JUNE 30, 1995, 1994 AND 1993
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Year Ended June 30
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1995 1994 1993
PRIMARY:
Weighted average
common shares
outstanding 6,137,628 6,087,898 6,014,381
Common equivalent
shares - stock
options 51,880 (1) 93,223 (1) 137,517 (1)
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Common shares and
common equivalent
shares outstanding 6,189,508 6,181,121 6,151,898
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NET INCOME
$1,755,884 $6,730,995 $4,235,501
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NET INCOME PER SHARE $.28 $1.09 $.69
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FULLY DILUTED:
Weighted average
common shares
outstanding 6,137,628 6,087,898 6,014,381
Common equivalent
shares - stock
options 66,266 (1) 102,775 (1) 138,115 (1)
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Common shares and
common equivalent
shares outstanding 6,203,894 6,190,673 6,152,496
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NET INCOME $1,755,884 $6,730,995 $4,235,501
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NET INCOME PER SHARE $.28 $1.09 $.69
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(1) Calculated under the Treasury Stock Method using the average price or
year-end market price of Medex stock, as applicable.