GENESIS HEALTH VENTURES AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF EARNINGS PER SHARE
QUARTERS ENDED DECEMBER 31, 1997 AND 1996 Exhibit 11
(in thousands, except share and per share data)
December 31, December 31,
1997 1996
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Basic Earnings Per Share:
Earnings before extraordinary item $ 12,822 $ 11,508
Extraordinary item, net of tax (1,924) (553)
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Net income $ 10,898 $ 10,955
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Weighted average shares 35,079,426 33,096,946
EPS before extraordinary item $ 0.37 $ 0.35
EPS extraordinary item, net of tax (0.05) (0.02)
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EPS net income $ 0.31 $ 0.33
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Diluted Earnings Per Share:
Earnings before extraordinary item $ 12,822 $ 11,508
Extraordinary item, net of tax (1,924) (553)
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Net income $ 10,898 $ 10,955
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Adjustments to net income
Interest expense, amortization and other costs
related to the assumed conversion of the
convertible debentures, net of tax - 303
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Adjusted net income $ 10,898 $ 11,258
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Weighted average shares & common stock equivalents
Common shares 35,079,426 33,096,946
Dilutive effect of unexcersised stock options 515,055 535,552
Convertible debenture shares - 1,746,205
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Total 35,594,481 35,378,703
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EPS before extraordinary item $ 0.36 $ 0.33
EPS extraordinary item, net of tax (0.05) (0.01)
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EPS net income $ 0.31 $ 0.32
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