EX-11 2 0002.txt First Health Group Corp. and Subsidiaries EXHIBIT 11 COMPUTATION OF BASIC EARNINGS PER COMMON SHARE (Unaudited) Three Months Ended September 30, --------------------------- 2000 1999 ---------- ---------- Net income ............................. $20,753,000 $17,149,000 ========== ========== Weighted average number of common shares outstanding: Shares outstanding from beginning of period 48,328,000 49,871,000 Other issuances of common stock ...... 196,000 69,000 Purchases of treasury stock .......... (630,000) (341,000) ---------- ---------- Weighted average common and common share equivalents........................... 47,894,000 49,599,000 ========== ========== Net income per common share............. $ .43 $ .35 ========== ========== Nine Months Ended September 30, --------------------------- 2000 1999 ---------- ---------- Net income ............................. $60,898,000 $51,679,000 ========== ========== Weighted average number of common shares outstanding: Shares outstanding from beginning of period 47,656,000 53,463,000 Other issuances of common stock ...... 929,000 157,000 Purchases of treasury stock .......... (757,000) (2,625,000) ---------- ---------- Weighted average common and common share equivalents........................... 47,828,000 50,995,000 ========== ========== Net income per common share............. $ 1.27 $ 1.01 ========== ==========
First Health Group Corp. and Subsidiaries EXHIBIT 11 COMPUTATION OF DILUTED EARNINGS PER COMMON SHARE (Unaudited) Three Months Ended September 30, --------------------------- 2000 1999 ---------- ---------- Net income ............................. $20,753,000 $17,149,000 ========== ========== Weighted average number of common shares outstanding: Shares outstanding from beginning of period 48,328,000 49,871,000 Other issuances of common stock ...... 196,000 69,000 Purchases of treasury stock .......... (630,000) (341,000) Common Stock Equivalents: Additional equivalent shares issuable from assumed exercise of common stock options 1,981,000 789,000 ---------- ---------- Weighted average common and common share equivalents........................... 49,875,000 50,388,000 ========== ========== Net income per common share............. $ .42 $ .34 ========== ========== Nine Months Ended September 30, --------------------------- 2000 1999 ---------- ---------- Net income ............................. $60,898,000 $51,679,000 ========== ========== Weighted average number of common shares outstanding: Shares outstanding from beginning of period 47,656,000 53,463,000 Other issuances of common stock ...... 929,000 157,000 Purchases of treasury stock .......... (757,000) (2,625,000) Common Stock Equivalents: Additional equivalent shares issuable from assumed exercise of common stock options 1,927,000 534,000 ---------- ---------- Weighted average common and common share equivalents........................... 49,755,000 51,529,000 ========== ========== Net income per common share............. $ 1.22 $ 1.00 ========== ==========