EX-11 4 exh11.txt COMPUTATIONS OF EARNINGS PER SHARE EXHIBIT 11 First Health Group Corp. and Subsidiaries COMPUTATION OF BASIC EARNINGS PER COMMON SHARE (in thousands except per share amounts) (Unaudited) ---------------------------------------------------------------------------- Three Months Ended March 31, ---------------------------- 2002 2001 --------- --------- Net income .................................. $ 31,014 $ 24,400 ========= ========= Weighted average number of common shares outstanding: Shares outstanding from beginning of period 100,023 96,408 Other issuances of common stock ........... 234 318 --------- --------- Weighted average common and common share equivalents................................ 100,257 96,726 ========= ========= Net income per common share................. $ .31 $ .25 ========= ========= First Health Group Corp. and Subsidiaries COMPUTATION OF DILUTED EARNINGS PER COMMON SHARE (in thousands except per share amounts) (Unaudited) ---------------------------------------------------------------------------- Three Months Ended March 31, ---------------------------- 2002 2001 --------- --------- Net income .................................. $ 31,014 $ 24,400 ========= ========= Weighted average number of common shares outstanding: Shares outstanding from beginning of period 100,023 96,408 Other issuances of common stock ........... 234 318 Common Stock Equivalents: Additional equivalent shares issuable from assumed exercise of common stock options. 4,186 4,972 --------- --------- Weighted average common and common share equivalents................................ 104,443 101,698 ========= ========= Net income per common share.................. $ .30 $ .24 ========= =========