PROVIDENT AMERICAN CORPORATION EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
(In thousands except per share data) Three Months Ended June 30, Six Months Ended June 30,
1998 1997 1998 1997
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Basic Earnings Per Share
NET INCOME APPLICABLE TO COMMON STOCK: $ (2,382) $ (5,724) $ 254 $ (4,946)
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WEIGHTED AVERAGE SHARES: 11,990 10,071 11,699 10,068
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BASIC EARNINGS PER SHARE: $ (0.20) $ (0.57) $ 0.02 $ (0.49)
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Diluted Earnings Per Share
NET INCOME APPLICABLE TO COMMON STOCK: $ (2,382) $ (5,724) $ 254 $ (4,946)
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WEIGHTED AVERAGE SHARES:
Common stock 11,990 10,071 11,699 10,068
Common stock equivalents applicable to stock options and warrants * * 74 *
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Total 11,990 10,071 11,773 10,068
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DILUTED EARNINGS PER SHARE: $ (0.20) $ (0.57) $ 0.02 $ (0.49)
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