EXHIBIT 11 PARLEX CORPORATION AND SUBSIDIARIES COMPUTATION OF NET INCOME PER COMMON SHARE Three Months Ended ---------------------------------- Sept. 27, 1998 Sept. 28, 1997 -------------- -------------- Net Income Per Share - Basic $.04 $.20 Weighted Average Number of Shares Outstanding 4,640,795 3,591,353 Net Income Per Share - Diluted $.04 $.19 Weighted Average Number of Shares Outstanding 4,640,795 3,591,353 Effect of Dilutive Stock Option 148,098 211,394 Adjusted Weighted Average Number of Shares Outstanding 4,788,893 3,802,747