1 Page 65 Exhibit 11 NATIONAL SERVICE INDUSTRIES, INC. AND SUBSIDIARIES COMPUTATIONS OF NET INCOME PER SHARE OF COMMON STOCK (In thousands, except per-share data) Years Ended August 31 1994 1993 Primary: Weighted Average Number of Shares (determined on a monthly basis) 49,547 49,556 Net Income $ 82,698 $ 75,116 Primary Earnings per Share $1.67 $1.52 Fully Diluted: Weighted Average Number of Shares Outstanding 49,547 49,556 Additional Shares Assuming Exercise of Options: Options exercised 707 545 Treasury stock purchased with proceeds (619) (478) Average Common Shares Outstanding (as adjusted) 49,635 49,623 Net Income $ 82,698 $ 75,116 Fully Diluted Earnings per Share $1.67 $1.51