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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 Six Months
Ended June 30, Ended June 30,
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1997 1996 1997 1996
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NET INCOME (LOSS):
Income (loss) from
continuing
operations $ (912) $ 2,504 $ 1,199 $ 5,307
Income from
discontinued
operations 478 421 593 421
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Net income (loss) $ (434) $ 2,925 $ 1,792 $ 5,728
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ADJUSTMENTS TO COMMON
SHARES OUTSTANDING:
Average number of
shares of common
stock 12,661,054 12,474,675 12,646,904 12,369,675
Primary adjustment:
Assume exercise
of options
(treasury stock
method) 357,739 308,289 312,431 314,743
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Total average
number of common
shares and
equivalents used
for primary
computation 13,018,793 12,782,964 12,959,335 12,684,418
=========== =========== =========== ===========
Average number of
shares of common
stock 12,661,054 12,474,675 12,646,904 12,369,675
Fully diluted
adjustment:
Assume exercise
of options
(treasury stock
method) 361,456 394,382 367,813 391,010
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Total average
number of common
shares and
equivalents used
for fully diluted
computation 13,022,510 12,869,057 13,014,717 12,760,685
=========== =========== =========== ===========
INCOME (LOSS) PER
COMMON SHARE:
Net income (loss) per
common share -
primary:
Income (loss) from
continuing
operations $ (.07) $ .20 $ .09 $ .42
Income from
discontinued
operations .04 .03 .05 .03
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Net income (loss)
per common share
- primary $ (.03) $ .23 $ .14 $ .45
=========== =========== =========== ===========
Net income (loss) per
common share - fully
diluted:
Income (loss) from
continuing
operations $ (.07) $ .20 $ .09 $ .42
Income from
discontinued
operations .04 .03 .05 .03
----------- ----------- ----------- -----------
Net income (loss)
per common share
- fully diluted $ (.03) $ .23 $ .14 $ .45
=========== =========== =========== ===========