TRIDEX CORPORATION AND SUBSIDIARIES Exhibit 11 Computation of Per Share Earnings (Dollars in Thousands) (Unaudited) Quarters Ended Nine Months Ended ---------------------- ------------------------ September September September 27, September 27, 1997 28, 1996 1997 28, 1996 ---------------------- ------------------------ PRIMARY: EARNINGS: Income (loss) from continuing operations $ 0 $ 6,096 $ (175) $ 5,719 Income from discontinued operations 0 974 607 2,954 ---------------------- ------------------------ Net income $ 0 $ 7,070 $ 432 $ 8,673 ====================== ======================== SHARES: Average common shares outstanding 5,351,000 3,988,000 5,089,000 3,878,000 Dilutive effect of outstanding options and warrants as determined by the treasury stock method 180,000 246,000 163,000 207,000 ---------------------- ------------------------ 5,531,000 4,234,000 5,252,000 4,085,000 ====================== ======================== EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE: Income (loss) from continuing operations $ 0.00 $ 1.44 $ (0.03) $ 1.40 Income from discontinued operations 0.00 0.23 0.11 0.72 ---------------------- ------------------------ Net income $ 0.00 $ 1.67 $ 0.08 $ 2.12 ====================== ======================== FULLY DILUTED: EARNINGS: Income (loss) from continuing operations $ 6,096 $ 5,719 Income from discontinued operations 974 2,954 Add: after-tax interest on convertible debt 78 275 ---------- ---------- Adjusted net income $ 7,148 $ 8,948 ========== ========== SHARES: Average common shares outstanding 3,988,000 3,878,000 Dilutive effect of outstanding options and warrants as determined by the treasury stock method 345,000 273,000 Dilutive effect of convertible debt assumed Converted at the beginning of the year 386,000 467,000 ---------- ---------- 4,719,000 4,618,000 ========== ========== EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE: Income from continuing operations $ 1.30 $ 1.30 Income from discontinued operations 0.21 0.64 ---------- ---------- Net income $ 1.51 $ 1.94 ========== ==========