<PAGE>
EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE
NATIONS FLOORING, INC. AND SUBSIDIARY
(In Thousands, except earnings per share) (Unaudited)
Basic Earnings Per Share
<TABLE>
<CAPTION>
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Three Months Ended Nine Months Ended
September 30, September 30,
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1999 2000 1999 2000
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<S> <C> <C> <C> <C>
Weighted average number of common shares outstanding 3,730 3,730 3,710 3,730
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Net income (loss) applicable to common stockholders $ 298 $ (808) $ 207 $ (1,438)
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Earnings per share $ 0.08 $ (0.22) $ 0.06 $ (0.39)
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</TABLE>
Dilutive Earnings Per Share
<TABLE>
<CAPTION>
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Three Months Ended Nine Months Ended
September 30, September 30,
---------------------- ---------------------
1999 2000 1999 2000
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<S> <C> <C> <C> <C>
Weighted average number of common shares outstanding 3,730 3,730 3,710 3,730
Common stock equivalents - stock options 178 * 178 *
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Weighted average common and common stock equivalents outstanding 3,908 3,730 3,888 3,730
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Net income (loss) applicable to common stockholders $ 298 $ (808) $ 207 $ (1,438)
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Earnings per share $ 0.08 (0.22) 0.05 (0.39)
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</TABLE>
* 790,000 shares of common stock issuable upon exercise of outstanding stock
options have not been included in the computation as their impact is
anti-dilutive due to the net loss.
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