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NORTHSTAR COMPUTER FORMS, INC. AND SUBSIDIARY
EXHIBIT 11
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
Three Months Ended Nine Months Ended
July 31 July 31
1997 1996 1997 1996
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NET EARNINGS $ 757,796 $ 178,440 $2,124,098 $ 411,383
EARNINGS PER SHARE
Primary:
Net earnings $ 0.40 $ 0.10 $ 1.15 $ 0.24
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Fully diluted:
Net earnings $ 0.40 $ 0.10 $ 1.12 $ 0.24
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AVERAGE NUMBER OF
COMMON AND COMMON
EQUIVALENT SHARES
Primary:
Weighted average number of
common shares outstanding 1,737,109 1,715,351 1,725,265 1,715,351
Common equivalent shares:
Dilutive stock options, using
Treasury Stock Method 134,396 65,305 126,655 65,305
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1,871,505 1,780,656 1,851,920 1,780,656
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Fully diluted
Weighted average number of
common shares outstanding 1,737,109 1,715,351 1,725,265 1,715,351
Common equivalent shares:
Dilutive stock options, using
Treasury Stock Method 148,524 65,305 168,949 65,305
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1,885,633 1,780,656 1,894,214 1,780,656
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