EX-11 3 exh11.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, --------------------------- 2002 2001 ------- ------- Net income .................................. $ 32,484 $ 25,329 ======= ======= Weighted average number of common shares outstanding: Shares outstanding from beginning of period 100,585 97,069 Other issuances of common stock ........... 764 696 Purchases of treasury stock ............... (132) -- ------- ------- Weighted average common and common share equivalents................................ 101,217 97,765 ======= ======= Net income per common share................. $ .32 $ .26 ======= ======= Six Months Ended June 30, ------------------------- 2002 2001 ------- ------- Net income .................................. $ 63,498 $ 49,729 ======= ======= Weighted average number of common shares outstanding: Shares outstanding from beginning of period 100,023 96,408 Other issuances of common stock ........... 811 862 Purchases of treasury stock ............... (75) -- ------- ------- Weighted average common and common share equivalents................................ 100,759 97,270 ======= ======= Net income per common share.................. $ .63 $ .51 ======= ======= 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, --------------------------- 2002 2001 ------- ------- Net income .................................. $ 32,484 $ 25,329 ======= ======= Weighted average number of common shares outstanding: Shares outstanding from beginning of period 100,585 97,069 Other issuances of common stock ........... 764 696 Purchases of treasury stock ............... (132) -- Common Stock Equivalents: Additional equivalent shares issuable from assumed exercise of common stock options 3,518 4,631 ------- ------- Weighted average common and common share equivalents................................ 104,735 102,396 ======= ======= Net income per common share................. $ .31 $ .25 ======= ======= Six Months Ended June 30, ------------------------- 2002 2001 ------- ------- Net income .................................. $ 63,498 $ 49,729 ======= ======= Weighted average number of common shares outstanding: Shares outstanding from beginning of period 100,023 96,408 Other issuances of common stock ........... 811 862 Purchases of treasury stock ............... (75) -- Common Stock Equivalents: Additional equivalent shares issuable from assumed exercise of common stock options 3,825 4,764 ------- ------- Weighted average common and common share equivalents............................... 104,584 102,034 ======= ======= Net income per common share................. $ .61 $ .49 ======= =======