EXHIBIT 11
AMERICAN MEDICAL HOLDINGS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
YEAR ENDED AUGUST 31,
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1994 1993 1992
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SIMPLE:
Net income before extraordinary loss................................ $139,020 $66,969 $109,618
Extraordinary loss on early extinguishment of debt.................. (1,909) (25,431) (9,997)
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Net income.......................................................... $137,111 $41,538 $ 99,621
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Average outstanding shares.......................................... 77,143 76,760 76,645
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Simple earnings per share before extraordinary loss................. $ 1.80 $ 0.87 $ 1.43
Extraordinary loss on early extinguishment of debt.................. (0.02) (0.33) (0.13)
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Simple earnings per share........................................... $ 1.78 $ 0.54 $ 1.30
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PRIMARY:
Net income.......................................................... $137,111 $41,538 $ 99,621
Adjustment for interest on debentures, net of tax................... 297 280 254
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Net income for primary............................................ $137,408 $41,818 $ 99,875
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Average outstanding shares.......................................... 77,143 76,760 76,645
Common stock equivalents assuming exercise of stock options......... 1,914 819 564
Common stock equivalents assuming conversion of debentures.......... 210 210 210
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Shares for primary.................................................. 79,267 77,789 77,419
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Primary earnings per share.......................................... $ 1.73(1) $ 0.54(1) $ 1.29(1)
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FULLY-DILUTED:
Net income for primary.............................................. $137,408 $41,818 $ 99,875
Adjustment for interest on debentures, net of tax................... 607 527 494
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Net income for fully-diluted...................................... $138,015 $42,345 $100,369
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Shares for primary.................................................. 79,267 77,789 77,419
Common stock equivalents assuming additional conversions of
debentures and exercise of stock options........................... 623 902 369
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Shares for fully-diluted............................................ 79,890 78,691 77,788
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Fully-diluted earnings per share.................................... $ 1.73(1) $ 0.54(1) $ 1.29(1)
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<FN>
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(1) The calculations for primary earnings per share and fully-diluted earnings
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 no material effect on dilution.