CHEMED CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATION OF PER SHARE EARNINGS
(in thousands except per share data)
EXHIBIT 11
Net Income
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Three Months Ended
March 31,
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1999 1998
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Computation of Earnings Per Common Share
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Reported income $ 5,355 $ 6,251
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Average number of shares outstanding 10,471 9,989
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Earnings per common share $ .51 $ .63
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Computation of Diluted Earnings Per Common Share
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Reported income $ 5,355 $ 6,251
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Average number of shares outstanding 10,471 9,989
Effect of nonvested stock awards 43 44
Effect of unexercised stock options 2 57
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Average number of shares used to compute
diluted earnings per common share 10,516 10,090
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Diluted earnings per common share $ .51 $ .62
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E - 1
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