EX-11 6 g80160exv11.txt EARNINGS PER SHARE RECONCILIATION EXHIBIT 11 AMERICAN HEALTHWAYS, INC. EARNINGS PER SHARE RECONCILIATION NOVEMBER 30, 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 period)
Three Months Ended November 30, ---------------------------------- 2002 2001 ----------- ----------- Numerator: Net income $ 3,698,653 $ 1,494,192 Effect of dilutive securities -- -- ----------- ----------- Numerator for diluted income per share $ 3,698,653 $ 1,494,192 =========== =========== Denominator: Shares used for basic income per share 15,396,399 14,372,604 Effect of dilutive stock options outstanding 948,717 1,225,846 ----------- ----------- Shares used for diluted income per share 16,345,116 15,598,450 =========== =========== Basic income per share: $ 0.24 $ 0.10 =========== =========== Diluted income per share $ 0.23 $ 0.10 =========== ===========