EX-11 2 ex11.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 MARCH 31, --------------------------- 2001 2000 -------- -------- Numerator: Net income $ 75,311 $ 65,326 -------- -------- Numerator for basic earnings per share -- income available to common stockholders 75,311 65,326 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) -------- -------- Numerator for diluted earnings per share -- income available to common stockholders after assumed conversion $ 75,311 $ 65,326 ======== ======== Denominator: Denominator for basic earnings per share -- weighted-average shares 388,143 385,644 Effect of dilutive securities: Net effect of dilutive stock options 9,563 2,625 Restricted shares issued 750 750 Assumed conversion of 3.25% Convertible Subordinated Debentures due 2003 --(1) --(1) -------- -------- Dilutive potential common shares 10,313 3,375 -------- -------- Denominator of diluted earnings per share -- adjusted weighted-average shares and assumed conversions 398,456 389,019 ======== ======== Basic earnings per share $ 0.19 $ 0.17 ======== ======== Diluted earnings per share $ 0.19 $ 0.17 ======== ======== (1) The effect of these securities was antidilutive for the three months ended March 31, 2001 and March 31, 2000.