EXHIBIT 11
GENRAD, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
Three Months Ended Twelve Months Ended
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December 28, December 30, December 28, December 30,
1996 1995 1996 1995
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PRIMARY:
Weighted average number of
shares outstanding 24,474,000 21,140,000 22,488,000 20,869,000
Shares deemed outstanding from
the assumed exercise of stock options 2,260,000 1,492,000 1,730,000 1,143,000
----------- ---------- ----------------- -----------
Total: 26,734,000 22,632,000 24,218,000 22,012,000
=========== ========== ================= ===========
Net income and total earnings applicable to
common and common equivalent shares $9,665,000 $3,207,000 $ 27,335,000 $12,271,000
=========== ========== ================= ===========
Net income per common and common
equivalent shares $0.36 $0.14 $1.13 $0.56
=========== ========== ================= ===========
FULLY DILUTED:
Weighted average number of
shares outstanding 24,474,000 21,140,000 22,488,000 20,869,000
Shares deemed outstanding from
the assumed exercise of stock options 2,607,000 1,713,000 2,584,000 1,713,000
Assumed conversion of 7 1/4% convertible
subordinated debentures 1,491,000 - 2,981,000 -
----------- ---------- ----------------- -----------
Total: 28,572,000 22,853,000 28,053,000 22,582,000
=========== ========== ================= ===========
Net income $9,665,000 $3,207,000 $ 27,335,000 $12,271,000
Assumed deduction of 7 1/4% convertible
subordinated debenture interest expense 480,000 - 3,131,000 -
----------- ---------- ----------------- -----------
Total earnings applicable to common shares
and common equivalent shares $10,145,000 $3,207,000 $ 30,466,000 $12,271,000
=========== ========== ================= ===========
Net income per common and common
and common equivalent shares $0.36 $0.14 $1.09 $0.54
=========== ========== ================= ===========
10