EXHIBIT 11.0
BTU INTERNATIONAL, INC.
CALCULATION OF NET INCOME PER COMMON SHARE
(Dollars in Thousands, except per share data)
FOR THE YEAR ENDED DECEMBER 31,
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2002 2001 2000
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Net (loss) income ............................ $ (7,072) $ (3,747) $ 5,422
Net (loss) income applicable to
common stockholders ........................ $ (7,072) $ (3,747) $ 5,422
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Weighted average number of shares outstanding:
Basic Shares .............................. 6,886,240 6,928,054 6,875,793
Effect of Dilutive Options ................ 0 0 402,107
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Diluted Shares ............................ 6,886,240 6,928,054 7,277,900
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Earnings (loss) Per Share:
Basic ..................................... $ (1.03) $ (0.54) $ 0.79
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Diluted ................................... $ (1.03) $ (0.54) $ 0.74
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