EXHIBIT 11.1
WORKFLOW MANAGEMENT, INC.
STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE
(In thousands, except per share amounts)
Three Months Ended
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July 31, July 24,
2000 1999
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Basic earnings per share:
Net income $ 1,518 $ 3,437
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Weighted average number of
common shares outstanding 12,891 12,603
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Basic earnings per share $ 0.12 $ 0.27
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Diluted earnings per share:
Net income $ 1,518 $ 3,437
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Weighted average number of:
Common shares outstanding 12,891 12,603
Effect of dilutive employee stock options* 673 859
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Total 13,564 13,462
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Diluted earnings per share $ 0.11 $ 0.26
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* The Company had additional employee stock options outstanding during the
periods presented that were not included in the computation of diluted earnings
per share because they were anti-dilutive. Options to purchase 1,236 and 231
shares of common stock were anti-dilutive and outstanding during the three
months ended July 31, 2000 and July 24, 1999, respectively.
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