EXHIBIT 11
Page 1 of 2
INTEGRAMED AMERICA, INC.
COMPUTATION OF NET INCOME (LOSS) PER SHARE OF COMMON STOCK AND
COMMON STOCK EQUIVALENTS
All amounts in thousands, except per share amounts
For the For the
three-month period nine-month period
ended September 30 , ended September 30,
1997 1996 1997 1996
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Primary
Net income (loss)......................................... $ 108 $ (693) $ 157 $ (681)
Less: Dividends accrued on Preferred Stock............... 33 33 99 99
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Net income (loss) applicable to Common Stock
before consideration for induced conversion
of Preferred Stock..................................... 75 (726) 58 (780)
Assumed value of Common Stock issued to induce
conversion of Preferred Stock, net of the reversal
of $973,000 of accrued Preferred Stock dividends....... -- 3,292 -- 3,292
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Net income (loss) for computation......................... $ 75 $(4,018) $ 58 $(4,072)
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Net income (loss) per share of Common Stock and
Common Stock equivalents outstanding
before consideration for induced conversion of
Preferred Stock........................................... $ 0.01 $ (0.08) $ 0.01 $ (0.11)
Assumed value of conversion inducement.................... -- (0.38) -- (0.47)
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Net income (loss) per share of Common Stock and
Common Stock equivalents............................... $ 0.01 $ (0.46) $ 0.01 $ (0.58)
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Weighted average number of shares of Common Stock
outstanding........................................... 13,243 8,795 10,819 7,056
Add: Common equivalent shares (determined using the
"treasury stock" method) representing incremental shares
issuable upon assumed exercise of options and warrants
using average market price............................. 193 -- 173 --
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Weighted average number of shares of Common Stock
and Common Stock equivalents outstanding............... 13,436 8,795 10,992 7,056
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EXHIBIT 11
Page 2 of 2
INTEGRAMED AMERICA, INC.
COMPUTATION OF NET INCOME (LOSS) PER SHARE OF COMMON STOCK AND
COMMON STOCK EQUIVALENTS
All amounts in thousands, except per share amounts
For the For the
three-month period nine-month period
ended September 30 , ended September 30,
1997 1996 1997 1996
------ ------ ------ ------
Fully Diluted
Net income (loss)......................................... $ 108 $ (693) $ 157 $ (681)
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Weighted average number of shares of Common Stock
outstanding............................................ 13,243 6,785 10,819 6,381
Add: Common equivalent shares (determined using the
"treasury stock" method) representing incremental shares
issuable upon assumed exercise of options and warrants
using average market price............................. 230 37 230 244
Shares of Common Stock issued upon assumed conversion of
608,234 shares of Series A Preferred Stock
pursuant to July 17, 1996 conversion offer assuming
Offer was effective January 1, 1996.................... -- 2,433 -- 2,433
Shares of Common Stock Issued upon assumed conversion of
Series A Preferred Stock not converted pursuant to
July 17, 1996 conversion offer......................... 451 245 451 245
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Average number of shares of Common Stock and Common
Stock equivalents outstanding.......................... 13,924 9,500 11,500 9,303
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Net income (loss) per share of Common Stock and Common
Stock equivalents outstanding.......................... $ 0.01 $(0.07) $ 0.01 $(0.07)
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