EX-11 2 g91625exv11.txt EX-11 EARNINGS PER SHARE EXHIBIT 11 AMSURG CORP. EARNINGS PER SHARE FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003 The following is a reconciliation of the numerator and denominators of basic and diluted earnings per share (in thousands, except per share amounts):
THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS ENDED SEPTEMBER 30, ----------------------------------------- ----------------------------------------- PER PER EARNINGS SHARES SHARE EARNINGS SHARES SHARE (NUMERATOR) (DENOMINATOR) AMOUNT (NUMERATOR) (DENOMINATOR) AMOUNT ----------- ------------- ------ ----------- ------------- ------ 2004: Net earnings from continuing operations per common share (basic).................. $ 8,729 29,886 $0.29 $24,409 30,094 $0.81 Effect of dilutive securities options....... - 568 - 622 ------- ------ ------- ------ Net earnings from continuing operations per common share (diluted)............. $ 8,729 30,454 $0.29 $24,409 30,716 $0.79 ------- ------ ------- ------ Net earnings per common share (basic)............ $13,166 29,886 $0.44 $31,020 30,094 $1.03 Effect of dilutive securities options....... - 568 - 622 ------- ------ ------- ------ Net earnings per common share (diluted)....... $13,166 30,454 $0.43 $31,020 30,716 $1.01 ======= ====== ======= ====== 2003: Net earnings from continuing operations per common share (basic).................. $ 6,983 29,877 $0.23 $20,205 30,161 $0.67 Effect of dilutive securities options....... - 574 - 457 ------- ------ ------- ------ Net earnings from continuing operations per common share (diluted)............. $ 6,983 30,451 $0.23 $20,205 30,618 $0.66 ======= ====== ======= ====== Net earnings per common share (basic)............ $ 7,531 29,877 $0.25 $21,871 30,161 $0.73 Effect of dilutive securities options....... - 574 - 457 ------- ------ ------- ------ Net earnings per common share (diluted)....... $ 7,531 30,451 $0.25 $21,871 30,618 $0.71 ======= ====== ======= ======