EXHIBIT 11
NATIONAL SANITARY SUPPLY COMPANY
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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1995 1994 1995 1994
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Computation of Earnings Per Common
and Common Equivalent Share
Net Income $ 1,977 $ 1,654 $ 4,106 $ 3,332
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Average Number of Shares of
Common Stock Outstanding 6,079 5,982 6,068 5,960
Incremental Effect of
Unexercised Stock Options 81 94 81 102
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Average Number of Shares of
Common Stock and Common Stock
Equivalents Outstanding 6,160 6,076 6,149 6,062
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Earnings per Common and Common
Equivalent Share $ 0.32 $ 0.27 $ 0.67 $ 0.55
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Computation of Earnings Per Common
Share Assuming Full Dilution
Net Income $ 1,977 $ 1,654 $ 4,106 $ 3,332
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Average Number of Shares of
Common Stock Outstanding 6,079 5,982 6,068 5,960
Incremental Effect of
Unexercised Stock Options 116 114 102 105
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Average Number of Shares of
Common Stock Assuming
Full Dilution 6,195 6,096 6,170 6,065
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Earnings Per Common Share
Assuming Full Dilution $ 0.32 $ 0.27 $ 0.67 $ 0.55
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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.
E-1
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