EXHIBIT 11
NORSTAN, INC. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
(In Thousands, Except Per Share Amounts)
Three Months Ended
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July 29, July 30,
1995 1994
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Primary earnings per share -
Weighted average number of
issued shares outstanding 4,218 4,071
Effect of:
1986 Long-Term Incentive Plan 206 214
1986 Directors' Stock Option Plan 47 38
Employee Stock Purchase Plan 3 5
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Shares outstanding used to compute
primary earnings per share 4,474 4,328
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Net income $ 1,433 $ 1,203
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Primary earnings per share $ .32 $ .28
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Fully diluted earnings per share -
Weighted average number of
shares used for primary
earnings per share 4,474 4,328
Effect of:
1986 Long-Term Incentive Plan 9 2
1986 Directors' Stock Option Plan 1 1
Employee Stock Purchase Plan 1 -
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Shares outstanding used to compute
fully diluted earnings per share 4,485 4,331
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Net income $ 1,433 $ 1,203
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Fully diluted earnings per share $ .32 $ .28
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