1 EXHIBIT 11.01 NASHUA CORPORATION COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE (In thousands, except per share data) Year Ended December 31, -------------------------------------- 1999 1998 1997 ---- ---- ---- Loss from continuing operations $ (420) $ (7,229) $(6,190) Loss from discontinued operations, net of taxes (4,001) (6,687) (2,632) Gain on sale of discontinued operation, net of taxes -- 1,052 -- ------------------------------------- Net loss $(4,421) $(12,864) $(8,822) ===================================== Shares: Weighted average common shares outstanding during the period 5,718 6,320 6,385 Basic and diluted earnings per share: Loss from continuing operations $ (.07) $ (1.15) $ (.97) Loss from discontinued operations (.77) (1.06) (.41) Gain on disposal of discontinued operations -- .17 -- ------------------------------------- Net loss per common share $ (.77) $ (2.04) $ (1.38) ===================================== -55-