EXHIBIT 11
ATRIA COMMUNITIES, INC.
COMPUTATION OF EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE
FOR THE THREE MONTHS ENDED MARCH 31, 1997 AND 1996
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
1997 1996
------- -------
PRIMARY EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE:
Net income................................................... $ 1,578 $ 1,166
======= =======
Shares used in the computation (a):
Weighted average common shares outstanding................. 15,830 10,095
Dilutive effect of common stock equivalents................ 157 -
------- -------
Shares used in computing earnings per common and common
equivalent share......................................... 15,987 10,095
======= =======
Primary earnings per common and common equivalent share (a).. $ 0.10 $ 0.11
======= =======
FULLY DILUTED EARNINGS PER COMMON AND COMMON EQUIVALENT SHARE:
Net income................................................... $ 1,578 $ 1,166
======= =======
Shares used in the computation (a):
Weighted average common shares outstanding................. 15,830 10,095
Dilutive effect of common stock equivalents................ 157 -
------- -------
Shares used in computing earnings per common and common
equivalent share......................................... 15,987 10,095
======= =======
Fully diluted earnings per common and common
equivalent share (a)....................................... $ 0.10 $ 0.11
======= =======
- ------------------
(a) Share and per share amounts for periods prior to the IPO are presented on a
pro forma basis.