EXHIBIT 11 PARLEX CORPORATION AND SUBSIDIARIES Computation of Net Income Per Common Share Three Months Ended Nine Months Ended ----------------------------- ----------------------------- Mar 28, 1999 Mar 29, 1998 Mar 28, 1999 Mar 29, 1998 ------------ ------------ ------------ ------------ Basic Earnings Per Share: Basic Earnings Per Share $.20 $.18 $.36 $.51 Weighted Average Number of Shares Outstanding 4,651,506 4,620,229 4,644,652 4,180,671 Diluted Earnings Per Share $.20 $.17 $.35 $.49 Weighted Average Number of Shares Outstanding 4,651,506 4,620,229 4,644,652 4,180,671 Effective of Dilutive Stock Options 117,376 168,677 127,844 195,697 Adjusted Weighted Average Number of Shares Outstanding 4,768,882 4,788,906 4,772,496 4,376,368