Exhibit 11.1(a)
Renal Treatment Centers, Inc. and Subsidiaries
COMPUTATION OF PRIMARY EARNINGS PER SHARE
for the quarter ended March 31, 1997 and 1996
Three Months Ended
March 31,
1997 1996
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Net income $ 6,019,397 $ 3,372,288
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Weighted average number of shares outstanding 24,509,763 24,036,542
Weighted average number of maximum shares subject to
exercise under outstanding stock options 1,721,920 1,349,743
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26,231,683 25,386,285
Less treasury shares assumed purchased with proceeds from
assumed exercise of outstanding common stock options 970,496 625,473
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Weighted average number of common and common
stock equivalents outstanding 25,261,187 24,760,812
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Net income per common and common stock equivalent $ 0.24 $ 0.14
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