EX-11 6 g77212exv11.txt RECONCILIATION/BASIC & DILUTED EARNIGS PER SHARE EXHIBIT 11 AMERICAN HEALTHWAYS, INC. EARNINGS PER SHARE MAY 31, 2002 (UNAUDITED) The following is a reconciliation of the numerator and denominator of basic and diluted income per share (adjusted for the stock split effective November 2001 for the prior year periods)
------------------------------------------------------------------ Three Months Ended May 31, Nine Months Ended May 31, 2002 2001 2002 2001 ------------------------------------------------------------------ Numerator: Net income $ 2,586,547 $ 840,087 $ 6,528,634 $ 2,142,247 Effect of dilutive securities -- -- -- -- ------------ ------------ ------------ ------------ Numerator for diluted income per share $ 2,586,547 $ 840,087 $ 6,528,634 $ 2,142,247 ============ ============ ============ ============ Denominator: Shares used for basic income per share 15,246,226 12,727,391 14,856,633 12,552,008 Effect of dilutive stock options outstanding 1,068,149 1,234,671 1,182,095 1,045,536 ------------ ------------ ------------ ------------ Shares used for diluted income per share 16,314,375 13,962,062 16,038,728 13,597,544 ============ ============ ============ ============ Basic income per share: $ 0.17 $ 0.07 $ 0.44 $ 0.17 ============ ============ ============ ============ Diluted income per share $ 0.16 $ 0.06 $ 0.41 $ 0.16 ============ ============ ============ ============