EX-11 3 exh-11.txt COMPUTATIONS OF EARNINGS PER SHARE First Health Group Corp. and Subsidiaries EXHIBIT 11 COMPUTATION OF BASIC EARNINGS PER COMMON SHARE (In 000's except per share amounts) (Unaudited) ---------------------------------------------------------------------------- Three Months Ended June 30, -------------------- 2001 2000 ------- ------- Net income .................................. $ 25,329 $ 20,533 ======= ======= Weighted average number of common shares outstanding: Shares outstanding from beginning of period 97,069 95,392 Other issuances of common stock ........... 696 552 Purchases of treasury stock ............... -- (4) ------- ------- Weighted average common and common share equivalents................................ 97,765 95,940 ======= ======= Net income per common share.................. $ .26 $ .21 ======= ======= Six Months Ended June 30, -------------------- 2001 2000 ------- ------- Net income .................................. $ 49,729 $ 40,145 ======= ======= Weighted average number of common shares outstanding: Shares outstanding from beginning of period 96,408 95,312 Other issuances of common stock ........... 862 825 Purchases of treasury stock ............... -- (413) ------- ------- Weighted average common and common share equivalents................................ 97,270 95,724 ======= ======= Net income per common share.................. $ .51 $ .42 ======= =======
---------------------------------------------------------------------------- First Health Group Corp. and Subsidiaries EXHIBIT 11 COMPUTATION OF DILUTED EARNINGS PER COMMON SHARE (In 000's except per share amounts) (Unaudited) Three Months Ended June 30, -------------------- 2001 2000 ------- ------- Net income .................................. $ 25,329 $ 20,533 ======= ======= Weighted average number of common shares outstanding: Shares outstanding from beginning of period 97,069 95,392 Other issuances of common stock ........... 696 552 Purchases of treasury stock ............... -- (4) Common Stock Equivalents: Additional equivalent shares issuable from assumed exercise of common stock options. 4,631 4,028 ------- ------- Weighted average common and common share equivalents................................ 102,396 99,968 ======= ======= Net income per common share.................. $ .25 $ .21 ======= ======= Six Months Ended June 30, -------------------- 2001 2000 ------- ------- Net income .................................. $ 49,729 $ 40,145 ======= ======= Weighted average number of common shares outstanding: Shares outstanding from beginning of period 96,408 95,312 Other issuances of common stock ........... 862 825 Purchases of treasury stock ............... -- (413) Common Stock Equivalents: Additional equivalent shares issuable from assumed exercise of common stock options. 4,764 3,820 ------- ------- Weighted average common and common share equivalents................................ 102,034 99,544 ======= ======= Net income per common share.................. $ .49 $ .40 ======= =======