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 24, July 25,
1999 1998
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BASIC EARNINGS PER SHARE:
Net income $ 3,437 $ 208
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Weighted average number of
common shares outstanding 12,603 16,265
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Basic earnings per share $ 0.27 $ 0.01
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DILUTED EARNINGS PER SHARE:
Net income $ 3,437 $ 208
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Weighted average number of:
Common shares outstanding 12,603 16,265
Effect of dilutive employee stock options* 859 210
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Total 13,462 16,475
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Diluted earnings per share $ 0.26 $ 0.01
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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.
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