EXHIBIT 11
NEW ENGLAND BUSINESS SERVICE, INC.
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(IN THOUSANDS EXCEPT PER SHARE DATA)
FOR THE FISCAL YEARS ENDED JUNE 27, 1998, JUNE 28, 1997 AND JUNE 29, 1996
1998 1997 1996
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Shares
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Basic Weighted Average Shares Outstanding (a) 13,781 13,397 14,773
Plus incremental shares from assumed
conversion of stock options 325 128 38
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Diluted Weighted Average Number of Shares
Outstanding (b) 14,106 13,525 14,811
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Earnings per Statement of Consolidated Income (c) $24,934 $18,649 $11,929
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Per Share Amounts
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Basic Earnings Per Share (c)/(a) $ 1.81 $ 1.39 $ 0.81
Diluted Earnings Per Share (c)/(b) 1.77 1.38 0.81