EXHIBIT 11.1
Gentle Dental Service Corporation
Statement Showing Calculations of Earnings (Loss) per Share
(in thousands, except per share amounts)
- --------------------------------------------------------------------------------
Nine Months
Ended
Years Ended December 31, September 30,
---------------------------------- ---------------------
1993 1994 1995 1995 1996
--------- --------- --------- --------- ---------
(unaudited) (unaudited)
Weighted average number of common shares
outstanding.......................................... 1,030 1,150 1,331 1,302 1,485
Weighted average number of common stock
equivalent shares from exercise of stock options and
warrants issued.................................. - 4 49 64 -(1)
--------- --------- --------- --------- ---------
Shares used in per share calculation............. 1,030 1,154 1,380 1,366 1,485
Net income (loss)................................ - - $ 257 $ 284 $ (670)
Pro forma net income............................. $ 243 $ 404 - - -
Accretion of mandatorily redeemable common
stock............................................ - - - - (80)
--------- --------- --------- --------- ---------
Net income (loss) applicable to common stock..... $ 243 $ 404 $ 257 $ 284 $ (750)
========= ========= ========= ========= =========
Net income (loss) per share.......................... $ 0.24 $ 0.35 $ 0.19 $ 0.21 $ (0.51)
<FN>
(1) Excluded because their effect is anti-dilutive
</FN>