EXHIBIT 11 MATTHEWS INTERNATIONAL CORPORATION AND SUBSIDIARIES EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE 1995 ---------- 1995 1994 1993 ---- ---- ---- 1. Net income (loss) $15,451,235 $14,028,166 $ (880,683) 2. Weighted average number of common shares outstanding during the year 8,850,350 8,982,353 9,312,353 3. Shares issuable upon exercise of dilutive stock options outstanding during the year, based on higher of average or year-end values 69,656 - - 4. Weighted average number of common shares outstanding during the year, assuming full dilution (2 + 3) 8,920,006 8,982,353 9,312,105 5. Primary earnings per share (1 divided by 2) $ 1.75 $ 1.56 $ ( .09) 6. Fully diluted earnings per share (1 divided by 6) $ 1.73 $ 1.56 $ ( .09)