EXHIBIT 11.1 PRI AUTOMATION, INC. COMPUTATION OF NET INCOME PER COMMON SHARE THREE MONTHS ENDED ------------------ JUNE 29, 1997 JUNE 30, 1996 ------------- -------------- FULLY FULLY TYPE OF SECURITY PRIMARY DILUTED PRIMARY DILUTED - ---------------- -------------- ------------ ------------ ------------ Common stock outstanding, beginning of the period................................ 14,817,306 14,817,306 14,375,924 14,375,924 Weighted average common stock issued during the period......................... 71,029 71,028 103,224 134,484 Assumed exercise of common stock warrants.. -- -- -- -- Assumed exercise of common share options... 1,435,520 1,435,520 1,289,216 1,289,216 Less: Purchase of common stock under the treasury stock method..................... (571,569) (477,055) (573,454) (562,936) ----------- ----------- ----------- ----------- Weighted average number of common and common equivalent shares outstanding(1).. 15,752,286 15,846,799 15,194,910 15,236,688 =========== =========== =========== =========== Net income per common share................ $0.28 $0.28 $0.23 $0.23 =========== =========== =========== =========== NINE MONTHS ENDED ------------------ JUNE 29, 1997 JUNE 30, 1996 ------------- -------------- FULLY FULLY TYPE OF SECURITY PRIMARY DILUTED PRIMARY DILUTED - ---------------- -------------- ------------ ------------ ------------ Common stock outstanding, beginning of the period................................ 14,570,920 14,570,920 13,996,532 13,996,532 Weighted average common stock issued during the period......................... 167,331 185,330 291,102 333,970 Assumed exercise of common stock warrants.. -- -- 78,338 78,338 Assumed exercise of common share options... 1,496,579 1,501,902 1,209,518 1,211,648 Less: Purchase of common stock under the treasury stock method..................... (614,752) (569,224) (428,414) (424,030) ----------- ----------- ----------- ----------- Weighted average number of common and common equivalent shares outstanding(1) 15,620,078 15,688,928 15,147,076 15,196,458 =========== =========== =========== =========== Net income per common share................ $ 0.79 $ 0.78 $ 0.66 $ 0.66 =========== =========== =========== =========== (1) Reflects a two-for-one stock split effective May 2, 1997