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 000's except per share amounts) (Unaudited) ---------------------------------------------------------------------------- Three Months Ended March 31, --------------------------- 2003 2002 --------- --------- Net income ..................................... $ 36,841 $ 31,014 ========= ========= Weighted average number of common shares outstanding: Shares outstanding from beginning of period .. 98,676 100,023 Other issuances of common stock .............. 372 234 Purchases of treasury stock .................. (2,182) -- --------- --------- Weighted average common and common share equivalents................................... 96,866 100,257 ========= ========= Net income per common share.................... $ .38 $ .31 ========= ========= 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 March 31, --------------------------- 2003 2002 --------- --------- Net income ..................................... $ 36,841 $ 31,014 ========= ========= Weighted average number of common shares outstanding: Shares outstanding from beginning of period .. 98,676 100,023 Other issuances of common stock .............. 372 234 Purchases of treasury stock .................. (2,182) -- Common Stock Equivalents: Additional equivalent shares issuable from assumed exercise of common stock options ... 2,590 4,186 --------- --------- Weighted average common and common share equivalents................................... 99,456 104,443 ========= ========= Net income per common share.................... $ .37 $ .30 ========= =========