Exhibit 11
THERMO FIBERTEK INC.
Computation of Earnings per Share
Three Months Ended
--------------------------
June 29, July 1,
1996 1995
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Computation of Fully Diluted Earnings
per Share:
Income:
Net income $ 4,876,000 $ 4,628,000
Add: Convertible debt interest, net of tax 79,000 79,000
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Income applicable to common stock
assuming full dilution (a) $ 4,955,000 $ 4,707,000
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Shares:
Weighted average shares outstanding 61,025,586 60,746,348
Add: Shares issuable from assumed conversion
of subordinated convertible obligation 1,888,113 1,888,113
Shares issuable from assumed
exercise of options (as determined
by the application of the treasury
stock method) 1,546,548 1,180,280
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Weighted average shares outstanding,
as adjusted (b) 64,460,247 63,814,741
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Fully Diluted Earnings per Share (a) / (b) $ .08 $ .07
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Exhibit 11
THERMO FIBERTEK INC.
Computation of Earnings per Share
(continued)
Six Months Ended
--------------------------
June 29, July 1,
1996 1995
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Computation of Fully Diluted Earnings
per Share:
Income:
Net income $10,082,000 $ 8,211,000
Add: Convertible debt interest, net of tax 158,000 158,000
----------- -----------
Income applicable to common stock
assuming full dilution (a) $10,240,000 $ 8,369,000
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Shares:
Weighted average shares outstanding 60,980,052 60,725,570
Add: Shares issuable from assumed conversion
of subordinated convertible obligation 1,888,113 1,888,113
Shares issuable from assumed
exercise of options (as determined
by the application of the treasury
stock method) 1,546,548 1,180,280
----------- -----------
Weighted average shares outstanding,
as adjusted (b) 64,414,713 63,793,963
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Fully Diluted Earnings per Share (a) / (b) $ .16 $ .13
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