Exhibit 11.1 SHERIDAN HEALTHCARE, INC. Computation of Earnings per Share of Common Stock (in thousands, except per share amounts) Nine Months Ended September 30, -------------------------- 1997 1996 ----------- ----------- Primary Earnings Per Share: - -------------------------- Weighted average shares outstanding............................................ 6,715 6,540 Dilutive effect of outstanding stock options................................... 254 108 ----------- ----------- Primary weighted average shares of common stock and common stock equivalents outstanding........................................ 6,969 6,648 =========== =========== Net income..................................................................... $ 3,754 $ 2,696 Net income per share - primary................................................. $ .54 $ .41 Fully Diluted Earnings Per Share: - -------------------------------- Weighted average shares outstanding............................................ 6,715 6,540 Dilutive effect of outstanding stock options................................... 399 108 ----------- ----------- Fully diluted weighted average shares of common stock and common stock equivalents outstanding........................................ 7,114 6,648 =========== =========== Net income..................................................................... $ 3,754 $ 2,696 Net income per share - fully diluted........................................... $ .53 $ .41 17