EX-11 2 0002.txt EXHIBIT 11 EXHIBIT 11 HEALTHSOUTH CORPORATION AND SUBSIDIARIES COMPUTATION OF INCOME PER SHARE (UNAUDITED) (IN THOUSANDS, EXCEPT FOR PER SHARE DATA)
Three Months Ended Nine Months Ended September 30, September 30, --------------------- --------------------- 2000 1999 2000 1999 -------- --------- --------- -------- Numerator: Net income (loss) $ 71,037 $ (4,330) $ 201,579 $219,582 ======== ========= ========= ======== Numerator for basic earnings per share -- income available to common stockholders $ 71,037 $ (4,330) $ 201,579 $219,582 Effect of dilutive securities: Elimination of interest and amortization on 3.25% Convertible Subordinated Debentures due 2003, less the related effect of the provision of income taxes -- (1) -- (1) -- (1) -- (1) -------- --------- --------- -------- Numerator for diluted earnings per share -- income available to common stockholders after assumed conversion $ 71,037 $ (4,330) $ 201,579 $219,582 ======== ========= ========= ======== Denominator: Denominator for basic earnings per share -- weighted-average shares 385,615 412,874 385,960 415,341 Effect of dilutive securities: Net effect of dilutive stock options 3,668 5,230 4,672 6,981 Restricted shares issued 750 300 750 300 Assumed conversion of 3.25% Convertible Subordinated Debentures due 2003 -- (1) -- (1) -- (1) -- (1) -------- --------- --------- -------- Dilutive potential common shares 4,418 5,530 5,422 7,281 -------- --------- --------- -------- Denominator of diluted earnings per share -- adjusted weighted-average shares and assumed conversions 390,033 418,404 391,382 422,622 ======== ========= ========= ======== Basic earnings (loss) per share $ 0.18 $ (0.01) $ 0.52 $ 0.53 ======== ========= ========= ======== Diluted earnings (loss) per share $ 0.18 $ (0.01) $ 0.52 $ 0.52 ======== ========= ========= ========
(1) The effect of these securities was antidilutive for all periods presented.