EXHIBIT 11.1
WORKFLOW MANAGEMENT, INC.
STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE
(In thousands, except per share amounts)
Three Months Ended Six Months Ended
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October 24, October 25, October 24, October 25,
1998 1997 1998 1997
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Basic earnings per share:
Net income $ 2,712 $ 2,582 $ 2,920 $ 5,285
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Weighted average number of
common shares outstanding 14,396 14,715 15,330 14,443
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Basic earnings per share $ 0.19 $ 0.18 $ 0.19 $ 0.37
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Diluted earnings per share:
Net income $ 2,712 $ 2,582 $ 2,920 $ 5,285
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Weighted average number of:
Common shares outstanding 14,396 14,715 15,330 14,443
Common stock equivalents* 391 105 318
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Total 14,396 15,106 15,435 14,761
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Diluted earnings per share $ 0.19 $ 0.17 $ 0.19 $ 0.36
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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.