Exhibit 11
THERMO REMEDIATION INC.
Computation of Earnings per Share
Three Months Ended Six Months Ended
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Sept. 28, Sept. 30, Sept. 28, Sept. 30,
1996 1995 1996 1995
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Computation of Fully
Diluted Earnings per
Share:
Net Income $ 974,000 $ 1,330,000 $ 2,002,000 $ 2,510,000
Add: Convertible
debenture
interest, net of
tax 15,000 15,000 31,000 31,000
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Income applicable to
common stock assuming
full dilution (a) $ 989,000 $ 1,345,000 $ 2,033,000 $ 2,541,000
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Shares:
Weighted average
shares outstanding 12,893,588 12,314,224 12,863,281 12,229,815
Add: Shares issuable
from assumed
exercise
of options and
warrants (as
determined by
the application
of the treasury
stock method) 334,769 202,986 377,876 207,312
Shares issuable
from assumed
conversion of
subordinated
convertible
obligations 269,583 269,583 269,583 269,583
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Weighted average
shares outstanding,
as adjusted (b) 13,497,940 12,786,793 13,510,740 12,706,710
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Fully Diluted Earnings
per Share (a) / (b) $ .07 $ .11 $ .15 $ .20
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