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Exhibit 11.0
BTU INTERNATIONAL, INC.
CALCULATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE
(Dollars in thousands, except share and per share data)
<TABLE>
<CAPTION>
For the Three Months Ended For the Six Months Ended
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July 2, June 27, July 2, June 27,
2000 1999 2000 1999
--------- ---------- --------- ---------
<S> <C> <C> <C> <C>
Net income $ 1,451 $ 608 $ 2,607 $ 1,152
--------- --------- --------- ---------
Net income applicable to
common stockholders $ 1,451 $ 608 $ 2,607 $ 1,152
========= ========= ========= =========
Weighted average number of
shares outstanding:
Basic Shares 6,869,417 6,795,272 6,849,262 6,799,744
Effect of Dilutive Options 453,616 129,512 448,998 111,768
--------- --------- --------- ---------
Diluted Shares 7,323,033 6,924,784 7,298,260 6,911,512
========= ========= ========= =========
Earnings per Share
Basic $0.21 $0.09 0.38 $0.17
Diluted $0.20 $0.09 0.36 $0.17
========= ========= ========= =========
</TABLE>
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