Exhibit 11.1 SHERIDAN HEALTHCARE, INC. Computation of Earnings per Share of Common Stock (in thousands, except per share amounts) Six Months Ended June 30, -------------------------- 1997 1996 ----------- ----------- Primary Earnings Per Share: - --------------------------- Weighted average shares outstanding............................................ 6,715 6,459 Dilutive effect of outstanding stock options................................... 198 118 ----------- ----------- Primary weighted average shares of common stock and common stock equivalents outstanding........................................ 6,913 6,577 =========== =========== Net income..................................................................... $ 2,420 $ 1,969 Net income per share - primary................................................. $ .35 $ .30 Fully Diluted Earnings Per Share: - --------------------------------- Weighted average shares outstanding............................................ 6,715 6,459 Dilutive effect of outstanding stock options................................... 280 118 ----------- ----------- Fully diluted weighted average shares of common stock and common stock equivalents outstanding........................................ 6,995 6,577 =========== =========== Net income..................................................................... $ 2,420 $ 1,969 Net income per share - fully diluted........................................... $ .35 $ .30