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EXHIBIT 11, FORM 10-K
COMMISSION FILE NUMBER 000-26572
NHP INCORPORATED
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS (UNAUDITED)
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
For the Year Ended December 31,
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1995 1994 1993
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NET INCOME (LOSS):
Income from continuing operations before
extraordinary items $ 31,613 $ 9,005 $ 8,528
Income (loss) from discontinued operations (1,963) 7,490 (12,965)
Extraordinary items (400) - 3,847
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Net income (loss) $ 29,250 $ 16,495 $ (590)
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ADJUSTMENTS TO COMMON SHARES OUTSTANDING:
Average number of shares of common stock 9,569,645 8,094,733 8,208,684
Primary adjustment:
Assume exercise of options 75,100 - -
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Total average number of common shares and
equivalents used for primary computation 9,644,745 8,094,733 8,208,684
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Average number of shares of common stock 9,569,645 8,094,733 8,208,684
Fully diluted adjustment:
Assume exercise of options 197,815 - -
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Total average number of common shares and
equivalents used for fully diluted computation 9,767,460 8,094,733 8,208,684
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INCOME (LOSS) PER COMMON SHARE:
Net income (loss) per common share - primary:
Income from continuing operations before
extraordinary item $ 3.27 $ 1.11 $ 1.04
Income (loss) from discontinued operations (.20) .93 (1.58)
Extraordinary items (.04) - .47
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Net income per common share - primary $ 3.03 $ 2.04 $ (.07)
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Net income (loss) per common share - fully diluted:
Income from continuing operations before
extraordinary item $ 3.24 $ 1.11 $ 1.04
Income (loss) from discontinued operations (.21) .93 (1.58)
Extraordinary items (.04) - .47
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Net income per common share - fully diluted $ 2.99 $ 2.04 $ (.07)
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