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 Six Months Ended -------------------------- -------------------------- June 29, June 30, June 29, June 30, 1997 1996 1997 1996 - ---------------------------------------------------------------------------------------------- Net income $ 303 $ 3,093 $ 27 $ 3,450 - ---------------------------------------------------------------------------------------------- Net income applicable to common stockholders $ 303 $ 3,093 $ 27 $ 3,450 ============================================================================================== Weighted average shares and share equivalents outstanding: Common stock 7,280,739 7,296,690 7,280,336 7,292,762 Stock options 47,803 42,012 40,324 43,924 - ---------------------------------------------------------------------------------------------- Weighted average shares and share equivalents outstanding 7,328,542 7,338,702 7,320,660 7,336,686 ============================================================================================== Net income per common and common equivalent share $ 0.04 $ 0.42 $ 0.00 $ 0.47 ============================================================================================== 13