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EXHIBIT 11
MECHANICAL DYNAMICS, INC. AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(Unaudited)
<TABLE>
<CAPTION>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
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in thousands, except share and per share data 2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC NET INCOME PER SHARE:
Net income $668 $640 $1,388 $611
Weighted average common shares outstanding 6,208,463 6,260,443 6,251,996 6,247,778
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Basic net income per common share $0.11 $0.10 $0.22 $0.10
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DILUTED NET INCOME PER SHARE:
Net income $668 $640 $1,388 $611
Weighted average common shares outstanding 6,208,463 6,260,443 6,251,996 6,247,778
Effect of stock options 2,205 - 2,050 -
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Adjusted shares outstanding 6,210,668 6,260,443 6,254,046 6,247,778
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Diluted net income per common share $0.11 $0.10 $0.22 $0.10
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</TABLE>
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