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EXHIBIT 11.01
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NASHUA CORPORATION
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COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
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(In thousands, except per share data)
Year Ended December 31,
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1996 1995 1994
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Income (loss) from continuing operations $16,493 $(15,470) $2,210
Income (loss) from discontinued operations, net of taxes 524 739 (63)
Gain on sale of discontinued operation, net of taxes 8,434 - -
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Income (loss) before extraordinary loss 25,451 (14,731) 2,147
Extraordinary loss on extinguishment of debt, net of tax benefit (1,257) - -
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Net income (loss) $24,194 $(14,731) $2,147
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Shares:
Weighted average common shares
outstanding during the period 6,378 6,374 6,343
Common equivalent shares 24 - 17
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6,402 6,374 6,360
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Earnings (loss) per common share(1):
Income (loss) from continuing operations $ 2.58 $ (2.43) $ .35
Income (loss) from discontinued operations .08 .12 (.01)
Gain on sale of discontinued operation 1.32 - -
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Income (loss) before extraordinary loss 3.98 (2.31) .34
Extraordinary loss on extinguishment of debt (.20) - -
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Net income (loss) $3.78 $ (2.31) $ .34
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<FN>
(1) The computation of earnings (loss) per common share on a fully diluted basis results in no change to the earnings
per common share amounts indicated above.
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