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Exhibit 11
AAVID THERMAL TECHNOLOGIES, INC. AND SUBSIDIARIES
Computation of Net Income Per Share
(Amounts in thousands, except share data)
(Unaudited)
Quarter ended Nine Months ended
September 28, September 30, September 28, September 30,
1996 1995 1996 1995
------------- ------------ ------------- -------------
Weighted average shares outstanding 6,478,127 724,445 6,161,317 724,445
Net effect of the assumed exercise of stock
options and warrants
-based on the treasury stock method 1,339,873 0 0 0
Total 7,818,000 724,445 6,161,317 724,445
Net income before extraordinary item $ 802,000 $ 3,574,000 $(1,209,000) $ 2,075,000
Extraordinary item -- -- (171,000) --
Net income $ 802,000 $ 3,574,000 $(1,380,000) $ 2,075,000
Accretion to redemption value of warrant $ -- $ (775,000) $ -- $ (775,000)
Net income $ 802,000 $(4,349,000) $(1,380,000) $(2,850,000)
Net income per share before extraordinary item $ 0.10 $ (4.93) $ (0.20) $ (2.86)
Extraordinary item income (expense) per share $ -- $ (1.07) $ (0.02) $ --
Accretion to redemption value of warrant $ (1.07)
Net income per share $ 0.10 $ (6.00) $ (0.22) $ (3.93)