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MEDICAL IMAGING CENTERS OF AMERICA, INC. Exhibit 11.1
COMPUTATION OF EARNINGS PER SHARE
Year Ended December 31,
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(in thousands except per share information) 1995 1994 1993
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(B) (B)
Net income (loss) for computation of primary earnings per share $5,656 ($ 494) ($29,613)
Fully diluted:
Adjustment for interest and amortization for the conversion of debentures 646 -- --
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Net income (loss) for computation of fully diluted earnings per share $6,302 ($ 494) ($29,613)
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Average shares:
Common shares 2,451 2,426 2,361
Stock option and warrant equivalent shares (A) 134 -- --
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Average shares for computation of primary earnings per share 2,585 2,426 2,361
Fully diluted:
Stock option and warrant equivalent shares - difference from primary (A) 25 -- --
Conversion of debentures 608 -- --
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Average shares for computation of fully diluted earnings per share 3,219 2,426 2,361
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Net income (loss) per share:
Primary $ 2.19 ($ 0.20) ($ 12.54)
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Fully diluted $ 1.96 ($ 0.20) ($ 12.54)
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(A) The treasury stock method was used to calculate the common stock equivalent
number of shares from options and warrants.
(B) Adjustments for interest and amortization, option and warrant equivalent
shares and additional shares from the conversion of debentures issued in
1989 are not included in the calculation for the years ended December 1994
and 1993 as their effect would be antidilutive.