Page 12 Exhibit 11 NATIONAL SERVICE INDUSTRIES, INC. AND SUBSIDIARIES COMPUTATIONS OF NET INCOME PER SHARE OF COMMON STOCK (In thousands, except per-share data) THREE MONTHS ENDED NOVEMBER 30 1995 1994 Primary: Weighted Average Number of Shares (determined on a monthly basis) ................ 48,343 49,244 Net Income ....................................... $ 23,269 $ 21,114 Primary Earnings per Share ....................... $ .48 $ .43 Fully Diluted: Weighted Average Number of Shares Outstanding .................................... 48,343 49,244 Additional Shares Assuming Exercise of Options: Options exercised ............................ 1,233 978 Treasury stock purchased with proceeds ....... (979) (902) Average Common Shares Outstanding (as adjusted) ................................. 48,597 49,320 Net Income ....................................... $ 23,269 $ 21,114 Fully Diluted Earnings per Share ................. $ .48 $ .43