1 EXHIBIT 11 MEDAPHIS CORPORATION COMPUTATION OF PRIMARY AND FULLY DILUTED PRO FORMA EARNINGS PER SHARE THREE MONTHS ENDED MARCH 31, 1996 (in thousands, except per share data) PRIMARY THREE MONTHS ENDED MARCH 31, DESCRIPTION 1996 1995 - ---------------------------------------- ------- -------- Weighted average shares outstanding during the period 55,635 43,812 Shares issuable upon assumed exercise of stock options, less amounts assumed repurchased under the treasury stock method 2,507 - ------- -------- Total weighted average common stock and common stock equivalents outstanding during the period 58,142 43,812 ======= ======== Pro forma net income (loss) $13,198 $(11,881) ======= ======== Pro forma net income (loss) per common share $ 0.23 $ (0.27) ======= ======== FULLY DILUTED THREE MONTHS ENDED MARCH 31, DESCRIPTION 1996 1995 - -------------------------------------------- ------- -------- Weighted average shares outstanding during the period 55,635 43,812 Shares issuable upon assumed exercise of stock options, less amounts assumed repurchased under the treasury stock method 2,809 - ------- -------- Total weighted average common stock and common stock equivalents outstanding during the period 58,444 43,812 ======= ======== Pro forma net income (loss) $13,198 $(11,881) ======= ======== Pro forma net income (loss) per common share $ 0.23 $ (0.27) ======= ========