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EXHIBIT 11, FORM 10-Q
COMMISSION FILE NUMBER 000-26572
NHP INCORPORATED
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS (UNAUDITED)
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
FOR THE THREE MONTHS FOR THE NINE MONTHS
ENDED SEPTEMBER 30, ENDED SEPTEMBER 30,
-------------------------- ------------------------
1996 1995 1996 1995
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NET INCOME (LOSS):
Income from continuing
operations before
extraordinary item $ 2,323 $ 23,720 $ 8,051 $ 28,343
Income (loss) from
discontinued operations - 90 - (1,963)
Extraordinary item - (400) - (400)
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Net income (loss) $ 2,323 $ 23,410 $ 8,051 $ 25,980
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ADJUSTMENTS TO COMMON SHARES OUTSTANDING:
Average number of shares
of common stock 12,494,620 10,012,196 12,411,627 8,662,452
Primary adjustment:
Assume exercise of
options (treasury
stock method) 302,398 61,758 305,318 54,120
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Total average number
of common shares and
equivalents used for
primary computation 12,797,018 10,073,954 12,716,945 8,716,572
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Average number of
shares of common
stock 12,494,620 10,012,196 12,411,627 8,662,452
Fully diluted adjustment:
Assume exercise of
options (treasury
stock method) 305,737 114,194 318,224 104,220
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Total average number
of common shares
and equivalents used
for fully diluted
computation 12,800,357 10,126,390 12,729,851 8,766,672
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INCOME (LOSS) PER COMMON SHARE:
Net income (loss) per common
share before extraordinary
item - Primary:
Income from continuing
operations before
extraordinary item $ .18 $ 2.35 $ .63 $ 3.25
Income (loss) from
discontinued operations - .01 - (.22)
Extraordinary item - (.04) - (.05)
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Net income per
common share -
Primary $ .18 $ 2.32 $ .63 $ 2.98
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Net income (loss) per
common share - Fully
Diluted:
Income from
continuing operations
before extraordinary
item $ .18 $ 2.34 $ .63 $ 3.23
Income (loss) from
discontinued
operations - .01 - (.22)
Extraordinary item - (.04) - (.05)
----------- ----------- ----------- -----------
Net income per
common share -
Fully Diluted $ .18 $ 2.31 $ .63 $ 2.96
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