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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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1994 1993 1992
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Income from continuing operations before
cumulative effect of accounting principle changes $ 4,442 $ 2,516 $10,434
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Loss from discontinued operations (2,295) (21,685) (5,126)
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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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Net income (loss) $ 2,147 $(19,169) $(4,823)
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Shares:
Weighted average common shares
outstanding during the period 6,343 6,312 6,298
Common equivalent shares 17 31 27
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6,360 6,343 6,325
Earnings per common share(1):
Income from continuing operations before
cumulative effect of accounting principle changes $ .70 $ .40 $ 1.65
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Loss from discontinued operations (.36) (3.42) (.81)
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Cumulative effect on prior years of
changes in accounting principles for
Postretirement health care and
other benefits(2) - - (1.48)
Income taxes(2) - - (.12)
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Net income (loss) $ .34 $ (3.02) $ (.76)
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<FN>
(1) The computation of earnings per common share on a fully diluted basis
results in no change to the earnings per common share amounts indicated
above.
(2) 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).