Exhibit 11
THERMO FIBERTEK INC.
Computation of Earnings per Share
Three Months Ended Six Months Ended
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June 28, June 29, June 28, June 29,
1997 1996 1997 1996
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Computation of Fully
Diluted Earnings
per Share:
Income:
Net income $ 3,759,000 $ 4,876,000 $ 7,219,000 $10,082,000
Add: Convertible debt
interest, net
of tax 79,000 79,000 158,000 158,000
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Income applicable to
common stock assuming
full dilution (a) $ 3,838,000 $ 4,955,000 $ 7,377,000 $10,240,000
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Shares:
Weighted average shares
outstanding 61,243,944 61,025,586 61,192,220 60,980,052
Add: Shares issuable
from assumed
conversion of
subordinated
convertible
obligation 1,888,113 1,888,113 1,888,113 1,888,113
Shares issuable
from assumed
exercise of
options (as
determined
by the applica-
tion of the
treasury stock
method) 1,098,029 1,546,548 1,129,212 1,546,548
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Weighted average
shares outstanding,
as adjusted (b) 64,230,086 64,460,247 64,209,545 64,414,713
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Fully Diluted Earnings
per Share (a) / (b) $ .06 $ .08 $ .11 $ .16
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