EXHIBIT 11
NATIONAL SANITARY SUPPLY COMPANY
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COMPUTATION OF EARNINGS PER SHARE (a)
(UNAUDITED)
Three Months Ended Nine Months Ended
(thousands, except per share data) September 30, September 30,
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1994 1993 1994 1993
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Computation of Earnings Per Common
and Common Equivalent Share
Net Income $ 1,654 $ 1,509 $ 3,332 $ 2,960
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Average Number of Shares of
Common Stock Outstanding 5,982 5,899 5,960 5,892
Incremental Effect of
Unexercised Stock Options 94 122 102 97
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Average Number of Shares of
Common Stock and Common Stock
Equivalents Outstanding 6,076 6,021 6,062 5,989
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Earnings per Common and Common
Equivalent Share $ 0.27 $ 0.25 $ 0.55 $ 0.49
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Computation of Earnings Per Common
Share Assuming Full Dilution
Net Income $ 1,654 $ 1,509 $ 3,332 $ 2,960
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Average Number of Shares of
Common Stock Outstanding 5,982 5,899 5,960 5,892
Incremental Effect of
Unexercised Stock Options 114 126 105 122
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Average Number of Shares of
Common Stock assuming
Full Dilution 6,096 6,025 6,065 6,014
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Earnings Per Common Share
Assuming Full Dilution $ 0.27 $ 0.25 $ 0.55 $ 0.49
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(a) This calculation is submitted in accordance with the Securities Exchange Act of
1934. Because the incremental effect of unexercised stock options results in dilution
of less than 3%, the per share data presented in the consolidated statement of income
excludes the impact of common stock equivalents.
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