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EXHIBIT 11
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NATIONAL RECORD MART, INC.
CALCULATION OF NET INCOME PER COMMON SHARE
FOR THE THIRTEEN AND THIRTY-NINE WEEKS ENDED DECEMBER 26, 1998 AND
DECEMBER 27, 1997
NET INCOME PER COMMON SHARE
The computation of weighted average common shares and equivalents outstanding
for the periods presented is as follows:
Thirteen Weeks Ended Thirty-nine Weeks Ended
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December 26, December 27, December 26, December 27,
1998 1997 1998 1997
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Weighted average common 4,793,184 4,844,624 4,788,803 4,844,624
shares outstanding
Common Stock Equivalents
which are dilutive 903,713 501,100 872,944 501,100
Treasury stock assumed to
be repurchased using
proceeds from options and
warrants (93,625) (194,680) (102,680) (290,988)
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Weighted average common
shares and equivalents
outstanding 5,603,273 5,151,044 5,559,067 5,054,736
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Net income $2,441,804 $2,884,385 $ 144,162 $1,185,308
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Basic net income per share $0.51 $0.60 $0.03 $0.24
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Diluted net income per share $0.44 $0.56 $0.03 $0.23
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