EXHIBIT 11
NATIONAL SANITARY SUPPLY COMPANY
COMPUTATION OF EARNINGS PER SHARE (a)
(UNAUDITED)
Three Months Ended
(thousands, except per share data) March 31,
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1997 1996
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Computation of Earnings Per Common
and Common Equivalent Share
Net Income $ 625 $ 832
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Average Number of Shares of
Common Stock Outstanding 6,181 6,123
Incremental Effect of
Unexercised Stock Options 73 65
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Average Number of Shares of
Common Stock and Common Stock
Equivalents Outstanding 6,254 6,188
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Earnings per Common and Common
Equivalent Share $ 0.10 $ 0.13
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Computation of Earnings Per Common
Share Assuming Full Dilution
Net Income $ 625 $ 832
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Average Number of Shares of
Common Stock Outstanding 6,181 6,123
Incremental Effect of
Unexercised Stock Options 73 100
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Average Number of Shares of
Common Stock assuming
Full Dilution 6,254 6,223
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Earnings Per Common Share
Assuming Full Dilution $ 0.10 $ 0.13
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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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