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EXHIBIT 11.01
NASHUA CORPORATION
COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
(In thousands, except per share data)
Year Ended December 31,
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1993 1992 1991
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Income (loss) from continuing operations before
cumulative effect of accounting principle changes $(21,681) $ 5,308 $ 552
Cumulative effect on prior years of
changes in accounting principles for
Postretirement health care and
other benefits - (9,367) -
Income taxes - (764) -
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Income (loss) from continuing operations (21,681) (4,823) 552
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Income from discontinued operations 2,512 - -
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Net income (loss) $(19,169) $(4,823) $ 552
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Shares:
Weighted average common shares
outstanding during the period 6,312 6,298 6,287
Common equivalent shares 31 27 45
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6,343 6,325 6,332
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Earnings per common share:
Income (loss) from continuing operations before
cumulative effect of accounting principle changes $ (3.42) $ .84 $ .09
Cumulative effect on prior years of
changes in accounting principles for
Postretirement health care and
other benefits(1) - (1.48) -
Income taxes(1) - (.12) -
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Income (loss) from continuing operations (3.42) (.76) .09
Income from discontinued operations .40 - -
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Net income (loss) $ (3.02) $ (.76) $ .09
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<FN>
(1) Amounts are computed based on the average common and common equivalent
shares outstanding in January 1992 of 6,318 (6,284 common shares and 34
common equivalent shares).