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 For the Nine Months Ended --------------------------- -------------------------- September 29, October 1, September 29, October 1, 1996 1995 1996 1995 - ---------------------------------------------------------------------------------------------------- Net income $ 74 $1,482 $3,524 $3,997 Dividends accrued - Class A and Class AA preferred stock -- (5) -- (93) - ---------------------------------------------------------------------------------------------------- Net income applicable to common stockholders $ 74 $1,477 $3,524 $3,904 ==================================================================================================== Weighted average shares and share equivalents outstanding: Common stock 7,331,162 7,279,686 7,305,562 7,211,888 Class AA convertible preferred stock -- -- -- -- Stock options 30,106 102,649 32,138 102,252 - ---------------------------------------------------------------------------------------------------- Weighted average shares and share equivalents outstanding 7,361,268 7,382,335 7,337,700 7,314,140 ==================================================================================================== Net income per common and common equivalent share $0.01 $ 0.20 $0.48 $ 0.53 ==================================================================================================== 13