1 Exhibit 11 AAVID THERMAL TECHNOLOGIES, INC. AND SUBSIDIARIES Computation of Net Income Per Share (Amounts in thousands, except share data) (Unaudited) Quarter ended Six Months ended June 29, July 1, June 29, July 1, 1996 1995 1996 1995 ---- ---- ---- ---- Weighted average shares outstanding 6,478,127 3,684,143 6,478,127 3,684,143 Net effect of the assumed exercise of stock options and warrant -based on the treasury stock method 0 1,290,801 0 1,290,801 Total 6,478,127 4,974,944 6,478,127 4,974,944 Net income before extraordinary item $(3,271,000) $ 837,000 $(2,011,000) $1,499,000 Extraordinary item - - (171,000) - Net income $(3,271,000) $ 837,000 $(2,182,000) $1,499,000 Net income per share before extraordinary item $ (0.50) $ 0.17 $ (0.34) $ 0.30 Extraordinary item income (expense) per share $ - $ - $ (0.03) $ - Net income per share $ (0.50) $ 0.17 $ (0.50) $ 0.30