1 EXHIBIT 11 STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE ALIGN-RITE INTERNATIONAL, INC. The following table provides a reconciliation of the numerator and denominators of the basic and diluted per-share computations for the three months ended June 30, 1999 and 1998: INCOME SHARES PER SHARE (NUMERATOR) (DENOMINATOR) AMOUNT ----------- ------------- --------- For the Three Months Ended June 30, 1999: Basic EPS............................................ $1,108,000 4,547,000 $0.24 Effect of dilutive securities: Stock Options..................................... -- 335,000 ---------- --------- Diluted EPS.......................................... $1,108,000 4,882,000 $0.23 ========== ========= For the Three Months Ended June 30, 1998: Basic EPS............................................ $1,785,000 4,468,000 $0.40 Effect of dilutive securities: Stock Options..................................... -- 425,000 ---------- --------- Diluted EPS.......................................... $1,785,000 4,893,000 $0.36 ========== =========