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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
ENDED MARCH 31,
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1997 1996
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NET INCOME:
Income from continuing operations $ 2,111 $ 2,803
Income from discontinued operations 115 -
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Net income $ 2,226 $ 2,803
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ADJUSTMENTS TO COMMON SHARES OUTSTANDING:
Average number of shares of common stock 12,632,597 12,264,675
Primary adjustment:
Assume exercise of options (treasury
stock method) 258,064 297,884
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Total average number of common shares
and equivalents used for primary
computation 12,890,661 12,562,559
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Average number of shares of common stock 12,632,597 12,264,675
Fully diluted adjustment:
Assume exercise of options (treasury stock
method) 397,028 317,406
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Total average number of common shares and
equivalents used for fully diluted
computation 13,029,625 12,582,081
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INCOME PER COMMON SHARE:
Net income per common share - primary:
Income from continuing operations $ .16 $ .22
Income from discontinued operations .01 -
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Net income per common share - primary $ .17 $ .22
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Net income per common share - fully diluted:
Income from continuing operations $ .16 $ .22
Income from discontinued operations .01 -
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Net income per common share - fully
diluted $ .17 $ .22
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