EXHIBIT 11
GENRAD, INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
Three Months Ended Twelve Months Ended
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January 3, December 28, January 3, December 28,
1998 1996 1998 1996
BASIC: --------------------------- ----------------------------------
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Weighted average number of common
shares outstanding 27,310,000 24,474,000 26,814,000 22,488,000
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Net income available to common
stockholders $12,052,000 $9,665,000 $41,295,000 $27,335,000
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Basic earnings per share $0.44 $0.39 $1.54 $1.22
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DILUTED:
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Weighted average number of common
shares outstanding 27,310,000 24,474,000 26,814,000 22,488,000
Weighted average incremental shares from
assumed conversion of stock options 2,311,000 2,270,000 1,974,000 2,015,000
Weighted average incremental shares from
assumed conversion of 7 1/4%
convertible subordinated debentures -- 1,491,000 -- 2,981,000
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Total: 29,621,000 28,235,000 28,788,000 27,484,000
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Net income $12,052,000 $9,665,000 $41,295,000 $27,335,000
Assumed reduction of 7 1/4% convertible
subordinated debenture interest expense -- 480,000 -- 3,131,000
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Net income and total earnings applicable
to common shares and common
equivalent shares $12,052,000 $10,145,000 $41,295,000 $30,466,000
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Diluted earnings per share $0.41 $0.36 $1.43 $1.11
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