Exhibit 11 ---------- New England Business Service, Inc. Statement Re Computation of Per Share Earnings (In Thousands Except Per Share Data) (unaudited) Six Months Ended Dec. 26, Dec. 27, 1998 1997 -------- -------- Net Income (a) $13,390 $12,444 BASIC WEIGHTED AVERAGE SHARES OUTSTANDING (b) 14,365 13,677 Plus incremental shares from assumed conversion of stock options 390 314 -------- -------- DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING(c) 14,755 13,991 ======== ======== PER SHARE AMOUNTS: Basic Earnings Per Share (a)/(b) $ .93 $ .91 ======== ======== Diluted Earnings Per Share (a)/(c) $ .91 $ .89 ======== ========