Exhibit 11.1 SHERIDAN HEALTHCARE, INC. Computation of Earnings per Share of Common Stock (in thousands, except per share amounts) YEAR ENDED DECEMBER 31, ------------------- 1996 1995 -------- -------- Primary Earnings Per Share: Weighted average shares outstanding.......................................... 6,587 2,713 Dilutive effect of outstanding stock options (1)............................. --- --- Dilutive effect of convertible securities (1)................................ --- --- -------- -------- Primary weighted average shares of common stock and common stock equivalents outstanding....................................... 6,587 2,713 ======== ======== Net income (loss) attributable to common stockholders........................ $(12,126) $ (5,044) Net income (loss) per share - primary........................................ $ (1.84) $ (1.86) Fully Diluted Earnings Per Share: Weighted average shares outstanding.......................................... 6,587 2,713 Dilutive effect of outstanding stock options (1)............................. --- --- Dilutive effect of convertible securities (1)................................ --- --- -------- -------- Fully diluted weighted average shares of common stock and common stock equivalents outstanding....................................... 6,587 2,713 ======== ======== Net income (loss) attributable to common stockholders........................ $(12,126) $ (5,044) Net income (loss) per share - fully diluted.................................. $ (1.84) $ (1.86) <FN> (1) Stock options and convertible securities are excluded from the earnings per share computation for both years because they would have the effect of decreasing the net loss per share. </FN>