EXHIBIT 11.1
WORKFLOW MANAGEMENT, INC.
STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE
(In thousands, except per share amounts)
Three Months Ended Nine Months Ended
January 23, January 24, January 23, January 24,
1999 1998 1999 1998
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Basic earnings per share:
Net income $ 2,941 $ 2,265 $ 5,861 $ 7,550
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Weighted average number of
common shares outstanding 13,065 17,017 14,575 15,301
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Basic earnings per share $ 0.23 $ 0.13 $ 0.40 $ 0.49
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Diluted earnings per share:
Net income $ 2,941 $ 2,265 $ 5,861 $ 7,550
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Weighted average number of:
Common shares outstanding 13,065 17,017 14,575 15,301
Common stock equivalents* 4 335 71 324
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Total 13,069 17,352 14,646 15,625
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Diluted earnings per share $ 0.23 $ 0.13 $ 0.40 $ 0.48
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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.