EXHIBIT 11 BOSTON BIOMEDICA, INC. AND SUBSIDIARIES STATEMENT RE COMPUTATION OF INCOME PER SHARE WEIGHTED AVERAGE SHARES Year Ended December 31, ---------------------------------- 1995 1996 1997 ---------- --------- ---------- Shares, basic 2,569,641 2,915,522 4,437,801 Net effect of dilutive common stock equivalents-based on treasury stock method using average market price 470,547 424,714 342,269 ---------- ---------- ---------- Shares, diluted 3,040,188 3,340,236 4,780,070 ========== ========== ========== Net income, basic and diluted $ 102,990 $ 481,220 $1,004,834 ========== ========== ========== Net income per share-basic 0.04 0.17 0.23 Net income per share-diluted 0.03 0.14 0.21 ========== ========== ==========