EX-11 3 ex-11.txt EXHIBIT 11 Exhibit 11 OMNICARE, INC. AND SUBSIDIARY COMPANIES Computation of Earnings Per Common Share (EPS) (In thousands, except per share data)
Three Months Ended Nine Months Ended September 30, September 30, --------------------- ----------------------- 2001 2000 2001 2000 --------- ---------- ---------- ---------- Basic Earnings: Net income $ 13,560 $ 13,509 $ 51,000 $ 38,578 ========= ========== ========== ========== Shares Weighted average number of common shares outstanding 93,345 92,160 92,992 91,972 ========= ========== ========== ========== Basic earnings per common share $ 0.15 $ 0.15 $ 0.55 $ 0.42 ========= ========== ========== ========== Diluted Earnings (a): Net income $ 13,560 $ 13,509 $ 51,000 $ 38,578 ========= ========== ========== ========== Shares Weighted average number of common shares outstanding 93,345 92,160 92,992 91,972 Additional shares assuming conversion of stock options and stock warrants (b) 772 - 630 - --------- ---------- ---------- ---------- Weighted average common shares outstanding, as adjusted 94,117 92,160 93,622 91,972 ========= ========== ========== ========== Diluted earnings per common share $ 0.14 $ 0.15 $ 0.54 $ 0.42 ========= ========== ========== ==========
(a) The $345.0 million of Convertible Debentures which are convertible into 8.7 million shares at $39.60 per share were outstanding during the three and nine months ended September 30, 2001 and 2000, but were not included in the computation of diluted EPS because the impact was anti-dilutive. (b) During the three and nine months ended September 30, 2001 and 2000, the anti-dilutive effect associated with options and warrants were excluded from the computation of diluted earnings per share, since the exercise price of these options and warrants was greater than the average market price of the Company's common stock during these periods. The total anti-dilutive options and warrants excluded for the quarters ended September 30, 2001 and 2000 were 3,803 and 9,699, respectively. Further, 3,798 and 7,483 anti-dilutive options and warrants were excluded from the year-to-date September 30, 2001 and 2000 periods, respectively.