US DIAGNOSTIC INC. AND SUBSIDIARIES ------------------------------------------- ------------------------------------------------------------------------------- ------ COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK ----------------------...
US DIAGNOSTIC INC. AND SUBSIDIARIES
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COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK
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EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS ENDED SEPTEMBER 30,
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1997 1996 1997 1996
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PRIMARY EARNINGS PER SHARE:
Weighted average shares outstanding 22,126 18,287 22,124 10,662
Dilutive effect of conversions -- 2,991 -- 3,359
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Primary weighted average shares of common 22,126 21,278 22,124 14,021
stock and common stock equivalents ======= ======== ======= ========
outstanding
Net income (loss) $(9,848) $1,108 $(19,718) $2,571
Adjustment to net income for interest -- -- -- --
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savings, net of related income taxes
Adjusted net income (loss) $(9,848) $1,108 $(19,718) $2,571
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Earnings (loss) per share - primary $(.45) $.05 $(.89) $.18
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FULLY DILUTED EARNINGS PER SHARE (1):
Weighted average shares outstanding, 22,600 20,325 22,598 12,254
including escrow shares
Dilutive effect of conversions 1,179 2,957 1,264 4,846
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Fully diluted weighted average shares of 23,779 23,282 23,862 17,100
common stock and common stock equivalents ======== ======== ======== ========
outstanding
Net income (loss) $(9,848) $1,108 $(19,718) $2,571
Adjustments to net income for interest -- -- -- --
-------- -------- -------- --------
savings, net of related income taxes
Adjusted net income (loss) $(9,848) $1,108 $(19,718) $2,571
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Earnings per share - fully diluted $(.41) $.05 $(.83) $.15
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(l) This calculation is submitted for 1997 in accordance with Regulation SK Item
601(b)(11) although it is contrary to paragraph 40 of APB Opinion No. 15 because
it produces an anti-dilutive result.
