1 Exhibit 11.0 BTU INTERNATIONAL , INC. CALCULATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE (Dollars in thousands, except share and per share data) For the Three Months Ended -------------------------- April 1, April 2, 2001 2000 - -------------------------------------------------------------------------- Net income $ 77 $ 1,156 Net income applicable to common stockholders $ 77 $ 1,156 ========= ========= Weighted average number of shares outstanding Basic Shares 6,938,860 6,829,542 Effect of Dilutive Options 312,013 454,642 --------- --------- Diluted Shares 7,250,873 7,284,184 ========= ========= Earnings Per Share Basic $ 0.01 $ 0.17 --------- --------- Diluted $ 0.01 $ 0.16 --------- ---------