EXHIBIT 11.1 PRI AUTOMATION, INC. COMPUTATION OF NET INCOME PER COMMON SHARE THREE MONTHS ENDED ------------------ MARCH 30, 1997 MARCH 31, 1996 -------------- --------------- FULLY FULLY TYPE OF SECURITY PRIMARY DILUTED PRIMARY DILUTED - ---------------- --------------- ----------- ----------- ----------------- Common stock outstanding, beginning of the period................................ 7,349,163 7,349,163 7,605,591 7,065,591 Weighted average common stock issued during the period......................... 30,488 30,489 97,397 109,366 Assumed exercise of common stock warrants.. -- -- 5,007 5,007 Assumed exercise of common share options... 828,554 828,554 537,960 537,960 Less: Purchase of common stock under the treasury stock method..................... (360,009) (359,684) (153,691) (153,726) ---------- ---------- ---------- ---------- Weighted average number of common common equivalent shares outstanding..... 7,848,196 7,848,522 7,552,264 7,564,198 ========== ========== ========== ========== Net income per common share................ $ 0.52 $ 0.52 $0.44 $0.44 ========== ========== ========== ========== SIX MONTHS ENDED ------------------ MARCH 30, 1997 MARCH 31, 1996 -------------- --------------- FULLY FULLY TYPE OF SECURITY PRIMARY DILUTED PRIMARY DILUTED - ---------------- --------------- ----------- ----------- ----------------- Common stock outstanding, beginning of the period................................ 7,285,460 7,285,460 6,998,266 6,998,266 Weighted average common stock issued during the period......................... 59,902 59,902 97,672 122,007 Assumed exercise of common stock warrants.. -- -- 58,754 58,754 Assumed exercise of common share options... 763,555 767,547 584,835 586,432 Less: Purchase of common stock under the treasury stock method..................... (331,672) (307,654) (177,948) (177,288) ---------- ---------- ---------- ---------- Weighted average number of common common equivalent shares outstanding..... 7,777,245 7,805,255 7,561,579 7,588,171 ========== ========== ========== ========== Net income per common share................ $ 1.02 $ 1.02 $0.86 $0.86 ========== ========== ========== ==========