Exhibit 11
THERMO FIBERTEK INC.
Computation of Earnings per Share
Three Months Ended Nine Months Ended
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Sept. 27, Sept. 28, Sept. 27, Sept. 28,
1997 1996 1997 1996
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Computation of Fully
Diluted Earnings
per Share:
Income:
Net income $ 3,594,000 $ 4,213,000 $10,813,000 $14,295,000
Add: Convertible debt
interest, net
of tax 30,000 79,000 188,000 237,000
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Income applicable to
common stock assuming
full dilution (a) $ 3,624,000 $ 4,292,000 $11,001,000 $14,532,000
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Shares:
Weighted average shares
outstanding 61,503,678 61,088,657 61,296,040 61,015,230
Add: Shares issuable
from assumed
conversion of
subordinated
convertible
obligation 726,192 1,888,113 1,500,806 1,888,113
Shares issuable
from assumed
exercise of
options (as
determined by
the application
of the treasury
stock method) 1,136,837 1,404,451 1,136,837 1,494,662
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Weighted average
shares outstanding,
as adjusted (b) 63,366,707 64,381,221 63,933,683 64,398,005
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Fully Diluted Earnings
per Share (a) / (b) $ .06 $ .07 $ .17 $ .23
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