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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AUGUST 3, JULY 29,
1996 1995
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Primary earnings per share -
Weighted average number of
common shares outstanding 8,816 8,436
Effect of:
1986 Long-Term Incentive Plan 381 412
Restated Non-Employee Directors'
Stock Plan 114 94
Employee Stock Purchase Plan 12 6
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Shares outstanding used to compute
primary earnings per share 9,323 8,948
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Net income $1,692 $1,433
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Primary earnings per share $ .18 $ .16
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Fully diluted earnings per share -
Weighted average number of shares
used for primary earnings per share 9,323 8,948
Effect of:
1986 Long-Term Incentive Plan -- 18
Restated Non-Employee Directors'
Stock Plan -- 2
Employee Stock Purchase Plan -- 2
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Shares outstanding used to compute
fully diluted earnings per share 9,323 8,970
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Net income $1,692 $1,433
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Fully diluted earnings per share $ .18 $ .16
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