1 EXHIBIT 11 MEDAPHIS CORPORATION COMPUTATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996 (in thousands, except per share data) THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, DESCRIPTION 1997 1996 1997 1996 - ----------------------------- --------- --------- --------- --------- (As Restated, See Note 6) (As Restated, See Note 6) PRIMARY AND FULLY Weighted average shares outstanding during the period 72,942 71,665 72,542 71,123 Shares issuable upon assumed exercise of stock options, less amounts assumed repurchased under the treasury stock method - - - - --------- --------- --------- --------- Total weighted average common stock and common stock equivalent outstanding during the period 72,942 71,665 72,542 71,123 ========= ========= ========= ========= Pro forma net income (loss) before extraordinary item $ (81,209) $ (34,384) $ (85,533) $ (33,891) Extraordinary income on sale of HRI - - 76,391 - --------- --------- --------- --------- Pro forma net income (loss) $ (81,209) $ (34,384) $ (9,142) $ (33,891) ========= ========= ========= ========= Pro forma net income (loss) per common share: Pro forma net income (loss) before extraordinary item $ (1.11) $ (0.47) $ (1.18) $ (0.48) Extraordinary income on sale of HRI - - 1.05 - --------- --------- --------- --------- Pro forma net income (loss) $ (1.11) $ (0.47) $ (0.13) $ (0.48) ========= ========= ========= =========