EX-11 4 ex-11_022806.htm EX-11, EARNINGS PER SHARE

Exhibit 11

 

 

Healthways, Inc.

Earnings Per Share Reconciliation

February 28, 2006

(Unaudited)

(In thousands, except earnings per share data)

 

 

The following is a reconciliation of the numerator and denominator of basic and diluted earnings per

share:

 

 
Three Months Ended
February 28, 		  Six Months Ended
February 28, 		 
2006   2005   2006   2005  
                             
Numerator:                            
    Net income - numerator for basic earnings per share     $ 7,333   $ 8,441   $ 13,789   $ 16,204  
    Effect of dilutive securities       —     —     —     —  
    Numerator for diluted earnings per share     $ 7,333   $ 8,441   $ 13,789   $ 16,204  
     
Denominator:                            
   Shares used for basic earnings per share       34,321     33,073     34,140     32,997  
   Effect of dilutive stock options outstanding       1,979     2,417     1,996     2,393  
   Shares used for diluted earnings per share       36,300     35,490     36,136     35,390  
     
Earnings per share:                            
Basic     $ 0.21   $ 0.26   $ 0.40   $ 0.49  
Diluted     $ 0.20   $ 0.24   $ 0.38   $ 0.46