8. INCOME (LOSS) PER SHARE

9 Months Ended

Dec. 31, 2012

Income Loss Per Share

NOTE 8 - INCOME (LOSS) PER SHARE

NOTE 8 - INCOME (LOSS) PER SHARE

Income (loss) per share is calculated under two different methods, basic and diluted. Basic income per share is calculated by dividing the net income by the weighted average shares of common stock outstanding during the period. Diluted income per share is calculated by dividing the net income by the weighted average shares of common stock outstanding during the period and dilutive potential shares of common stock. Dilutive potential shares of common stock, as determined under the treasury stock method, consist of shares of common stock issuable upon exercise of stock warrants or options, net of shares of common stock assumed to be repurchased by the Company from the exercise proceeds.

Income per share for the three and nine months ended December 31, 2011 was computed as shown below. Stock options and warrants aggregating approximately 411 and 412 million shares were not included in the diluted calculations since they were anti-dilutive.

	Three months ended		Nine months ended
	December 31, 2011		December 31, 2011
Numerator:
Net income attributable to Integrated Healthcare Holdings, Inc.	$	12,542	$	10,179
Denominator:
Weighted average common shares		255,307		255,307
Dilutive options		1,532		1,541
Denominator for diluted calculation		256,839		256,848
Income per share - basic	$	0.05	$	0.04
Income per share - diluted	$	0.05	$	0.04

Since the Company incurred a loss for the three and nine months ended December 31, 2012, the potential shares of common stock consisting of approximately 411 and 413 million shares, respectively, issuable under warrants and stock options were not included in the diluted calculations since they were anti-dilutive.