EXHIBIT 11
NATIONAL SANITARY SUPPLY COMPANY
COMPUTATION OF EARNINGS PER SHARE (a)
(UNAUDITED)
Three Months Ended Six Months Ended
(thousands, except per share data) June 30, June 30,
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1997 1996 1997 1996
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Computation of Earnings Per Common
and Common Equivalent Share
Net Income $ 1,217 $ 1,321 $ 1,842 $ 2,153
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Average Number of Shares of
Common Stock Outstanding 6,226 6,140 6,204 6,132
Incremental Effect of
Unexercised Stock Options 52 86 63 76
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Average Number of Shares of
Common Stock and Common Stock
Equivalents Outstanding 6,278 6,226 6,267 6,208
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Earnings per Common and Common
Equivalent Share $ 0.19 $ 0.21 $ 0.29 $ 0.35
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Computation of Earnings Per Common
Share Assuming Full Dilution
Net Income $ 1,217 $ 1,321 $ 1,842 $ 2,153
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Average Number of Shares of
Common Stock Outstanding 6,226 6,140 6,204 6,132
Incremental Effect of
Unexercised Stock Options 96 91 85 95
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Average Number of Shares of
Common Stock Assuming
Full Dilution 6,322 6,231 6,289 6,227
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Earnings Per Common Share
Assuming Full Dilution $ 0.19 $ 0.21 $ 0.29 $ 0.35
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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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