Exhibit 11.1 SHERIDAN HEALTHCARE, INC. Computation of Earnings per Share of Common Stock (in thousands, except per share amounts) Three Months Ended March 31, 1997 1996 ----------- ----------- Primary Earnings Per Share: - --------------------------- Weighted average shares outstanding............................................ 6,715 6,193 Dilutive effect of outstanding stock options................................... 182 84 ----------- ----------- Primary weighted average shares of common stock and common stock equivalents outstanding........................................ 6,897 6,277 =========== =========== Net income..................................................................... $ 1,188 $ 853 Net income per share - primary................................................. $ .17 $ .14 Fully Diluted Earnings Per Share: - --------------------------------- Weighted average shares outstanding............................................ 6,715 6,193 Dilutive effect of outstanding stock options................................... 227 84 ----------- ----------- Fully diluted weighted average shares of common stock and common stock equivalents outstanding........................................ 6,942 6,277 =========== =========== Net income..................................................................... $ 1,188 $ 853 Net income per share - fully diluted........................................... $ .17 $ .14