Exhibit 11.1
HEALTH MANAGEMENT ASSOCIATES, INC.
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(In thousands, except per share data)
Year ended September 30,
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1996 1995 1994
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Income before cumulative effect
of accounting change....................... $ 84,086 $ 63,331 $ 49,086
Accounting change............................ - - (2,550)
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Net income................................... $ 84,086 $ 63,331 $ 46,536
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PRIMARY
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Weighted average number of common shares
outstanding during the period............... 105,197 103,606 102,181
Exercise of options net of assumed purchase
of treasury shares with proceeds therefrom.. 5,252 4,478 4,423
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Weighted average number of common shares
outstanding during the period, as adjusted.. 110,449 108,084 106,604
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Earnings per share:
Before accounting change................ $ .76 $ .59 $ .46
Accounting change....................... - - (.02)
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Net income per share............... $ .76 $ .59 $ .44
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FULLY DILUTED
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Weighted average number of common shares
outstanding during the period............... 105,197 103,606 102,181
Exercise of options net of assumed purchase
of treasury shares with proceeds therefrom.. 5,855 4,994 5,016
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Weighted average number of common shares
outstanding during the period, as adjusted.. 111,052 108,600 107,197
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Earnings per share:
Before accounting change................ $ .76 $ .58 $ .46
Accounting change....................... - - (02)
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Net income per share................. $ .76 $ .58 $ .44
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