EXHIBIT 11.1 TALBERT MEDICAL MANAGEMENT HOLDINGS CORPORATION STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (unaudited) FOR THE (dollars in thousands, THREE MONTHS ENDED except per share data) JUNE 30, 1997 1996 ----------- ----------- Primary loss per share: Net loss $ (9,658) $ (1,630) ---------- --------- ---------- --------- Weighted average number of common shares and common share equivalents: Common Stock 3,000,126 3,000,000 Assumed exercise of options 61,480 -- ----------- ----------- Total shares 3,061,606 3,000,000 ----------- ----------- ----------- ----------- Primary loss per share $ (3.15) $ (0.54) ----------- ----------- ----------- ----------- Fully diluted earnings per share: Net loss $ (9,658) $ (1,630) ----------- ----------- ----------- ----------- Weighted average number of common shares and common share equivalents: Common Stock 3,000,126 3,000,000 Assumed exercise of options 65,196 -- ----------- ----------- Total common and common equivalent shares, assuming full dilution 3,065,322 3,000,000 ----------- ----------- ----------- ----------- Fully diluted loss per share $ (3.15) $ (0.54) ----------- ----------- ----------- ----------- 1 EXHIBIT 11.1 TALBERT MEDICAL MANAGEMENT HOLDINGS CORPORATION STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (unaudited) FOR THE (dollars in thousands, SIX MONTHS ENDED except per share data) JUNE 30, 1997 1996 ----------- ----------- Primary loss per share: Net loss $ (17,647) $ (2,804) ----------- ----------- ----------- ----------- Weighted average number of common shares and common share equivalents: Common Stock 3,000,063 3,000,000 Assumed exercise of options 44,492 -- ----------- ----------- Total shares 3,044,555 3,000,000 ----------- ----------- ----------- ----------- Primary loss per share $ (5.79) $ (0.93) ----------- ----------- ----------- ----------- Fully diluted earnings per share: Net loss $ (17,647) $ (2,804) ----------- ----------- ----------- ----------- Weighted average number of common shares and common share equivalents: Common Stock 3,000,063 3,000,000 Assumed exercise of options 61,785 -- ----------- ----------- Total common and common equivalent shares, assuming full dilution 3,061,848 3,000,000 ----------- ----------- ----------- ----------- Fully diluted loss per share $ (5.76) $ (0.93) ----------- ----------- ----------- ----------- 2