EXHIBIT II
AMERICAN MEDICAL HOLDINGS, INC.
COMPUTATIONS OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
THREE MONTHS ENDED FEBRUARY 28, SIX MONTHS ENDED FEBRUARY 28,
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1994 1993 1994 1993
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SIMPLE
Net income $ 24,277 $ 18,282 $ 40,790 $ 28,843
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Average outstanding shares 77,058 76,739 76,998 76,701
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Simple net income per share $ 0.32 $ 0.24 $ 0.53 $ 0.38
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PRIMARY
Net income $ 24,277 $ 18,282 $ 40,790 $ 28,843
Adjustment for interest on debentures,
net of tax 72 74 143 137
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Net income for primary $ 24,349 $ 18,356 $ 40,933 $ 28,980
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Average outstanding shares 77,058 76,739 76,998 76,701
Common stock equivalents assuming
exercise of stock options 1,833 1,037 1,698 747
Common stock equivalents assuming
conversion of debentures 210 210 210 210
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Shares for primary 79,101 77,986 78,906 77,658
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Primary net income per share $ 0.31 (1) $ 0.24 (1) $ 0.52 (1) $ 0.37 (1)
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FULLY-DILUTED
Net income for primary $ 24,349 $ 18,356 $ 40,933 $ 28,980
Adjustment for interest on debentures,
net of tax 133 137 266 260
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Net income for fully-diluted $ 24,482 $ 18,493 $ 41,199 $ 29,240
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Shares for primary 79,101 77,986 78,906 77,658
Common stock equivalents assuming
additional conversion of debentures
and exercise of stock options 414 361 573 484
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Shares for fully-diluted 79,515 78,347 79,479 78,142
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Fully-diluted net income per share $ 0.31 (1) $ 0.24 (1) $ 0.52 (1) $ 0.37 (1)
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<FN>
(1) The calculations for primary net income per share and fully-diluted net
income per share are submitted in accordance with Regulation S-K Item
601(b)(11) although it is contrary to paragraph 40 of APB Opinion No. 15
because it produces either no dilutive effect or the effect on dilution is
less than 3%.