EXHIBIT 11.1 TALBERT MEDICAL MANAGEMENT HOLDINGS CORPORATION COMPUTATION OF EARNINGS PER SHARE NINE MONTHS ENDED YEAR ENDED DECEMBER 31, SEPTEMBER 30, ---------------------------------- --------------------- 1993 1994 1995 1995 1996 ---------- ---------- ---------- ---------- --------- (AMOUNTS IN THOUSANDS EXCEPT PER SHARE DATA) Primary and fully diluted earnings per common and common equivalent share: Net loss............................................... $ (13,434) $ (19,580) $ (28,608) $ (23,176) $ (3,770) ---------- ---------- ---------- ---------- --------- ---------- ---------- ---------- ---------- --------- Weighted average number of common shares and common share equivalents: Common stock......................................... 3,000 3,000 3,000 3,000 3,000 Assumed exercise of options.......................... (4) (4) (4) (4) (4) ---------- ---------- ---------- ---------- --------- Total shares....................................... 2,996 2,996 2,996 2,996 2,996 ---------- ---------- ---------- ---------- --------- ---------- ---------- ---------- ---------- --------- Primary and fully diluted loss per common and common equivalent share.................... $ (4.48) $ (6.54) $ (9.55) $ (7.74) $ (1.26) ---------- ---------- ---------- ---------- --------- ---------- ---------- ---------- ---------- ---------