EXHIBIT 11.1 PRI AUTOMATION, INC. COMPUTATION OF NET INCOME PER COMMON SHARE Three Months Ended ------------------ March 31, 1996 March 31, 1995 -------------- -------------- Fully Fully Type of Security Primary Diluted Primary Diluted - - ---------------- ------- ------- ------- ------- Common stock outstanding, beginning of the period.. 7,065,591 7,065,591 5,759,357 5,759,357 Weighted average common stock issued during the period.................. 97,397 109,366 21,999 32,853 Assumed exercise of common stock warrants... 5,007 5,007 112,500 112,500 Assumed exercise of common share options.... 537,960 537,960 652,631 652,692 Less: Purchase of common stock under the treasury stock method............. (153,691) (153,726) (227,780) (183,205) ---------- ---------- ---------- ---------- Weighted average number of common and common equivalent shares outstanding............. 7,552,264 7,564,198 6,318,707 6,374,197 ========== ========== ========== ========== Net income per common share................... $0.44 $0.44 $0.27 $0.27 ========== ========== ========== ========== Six Months Ended ---------------- March 31, 1996 March 31, 1995 -------------- -------------- Fully Fully Type of Security Primary Diluted Primary Diluted - - ---------------- ------- ------- ------- ------- Common stock outstanding, beginning of the period.. 6,998,266 6,998,266 3,176,364 3,176,364 Weighted average common stock issued during the period.............. 97,672 122,007 2,391,159 2,398,804 Assumed exercise of common stock warrants... 58,754 58,754 112,500 112,500 Assumed exercise of common share options.... 584,835 586,432 641,935 647,509 Less: Purchase of common stock under the treasury stock method............. (177,948) (177,288) (218,333) (199,100) ---------- ---------- ---------- ---------- Weighted average number of common and common equivalent shares outstanding............. 7,561,579 7,588,171 6,103,625 6,136,077 ========== ========== ========== ========== Net income per common share.................. $0.86 $0.86 $0.50 $0.50 ========== ========== ========== ========== 13