Exhibit 11.1 SHERIDAN HEALTHCARE, INC. Computation of Earnings per Share of Common Stock (in thousands, except per share amounts) Three Months Ended June 30, -------------------------- 1997 1996 ----------- ----------- Primary Earnings Per Share: - --------------------------- Weighted average shares outstanding............................................ 6,715 6,725 Dilutive effect of outstanding stock options................................... 219 106 ----------- ----------- Primary weighted average shares of common stock and common stock equivalents outstanding........................................ 6,934 6,831 =========== =========== Net income..................................................................... $ 1,232 $ 1,116 Net income per share - primary................................................. $ .18 $ .16 Fully Diluted Earnings Per Share: - --------------------------------- Weighted average shares outstanding............................................ 6,715 6,725 Dilutive effect of outstanding stock options................................... 296 106 ----------- ----------- Fully diluted weighted average shares of common stock and common stock equivalents outstanding........................................ 7,011 6,831 =========== =========== Net income..................................................................... $ 1,232 $ 1,116 Net income per share - fully diluted........................................... $ .18 $ .16