1
EXHIBIT 11
CHEMED CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATIONS OF EARNINGS PER COMMON SHARE AS SHOWN
IN ANNUAL REPORT ON FORM 10-K
(in thousands except per share data)
===============================================================================
1993
-----------------------
Income
from
Continuing
Operations Net Income
- -------------------------------------------------------------------------------
Computation of Earnings per Common
and Common Equivalent Share: (a)
Reported income..................................... $ 17,142 $ 19,480
========== ==========
Average number of shares used to compute
earnings per common share.......................... 9,778 9,778
Effect of unexercised stock options................. 52 52
---------- ----------
Average number of shares used to compute
earnings per common and common equivalent share.... $ 9,830 $ 9,830
========== ==========
Earnings per common and common
equivalent share................................... $ 1.74 $ 1.98
========== ==========
Computation of Earnings per Common
Share Assuming Full Dilution: (a)
Reported income.................................... $ 17,142 $ 19,480
========== ==========
Average number of shares used to compute
earnings per common share.......................... 9,778 9,778
Effect of unexercised stock options................. 59 59
---------- ----------
Average number of shares used to compute
earnings per common share assuming full dilution... 9,837 9,837
Earnings per share ========== ==========
assuming full dilution............................. $ 1.74 $ 1.98
========== ==========
<FN>
- -------------------
(a) This calculation is submitted in accordance with Regulation S-K
Item 601(b)(11) although not required by APB Opinion No. 15 because
it results in dilution of less than 3%.
2
EXHIBIT 11
(continued)
CHEMED CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATIONS OF EARNINGS PER COMMON SHARE AS SHOWN
IN ANNUAL REPORT ON FORM 10-K
(in thousands except per share data)
===============================================================================
1992
-----------------------
Income
from
Continuing
Operations Net Income
- -------------------------------------------------------------------------------
Computation of Earnings per Common
and Common Equivalent Share: (a)
Reported income..................................... $ 14,251 $ 15,651
========= =========
Average number of shares used to compute
earnings per common share.......................... 9,803 9,803
Effect of unexercised stock options................. 41 41
--------- ---------
Average number of shares used to compute
earnings per common and common equivalent share.... $ 9,844 $ 9,844
========= =========
Earnings per common and common
equivalent share................................... $ 1.45 $ 1.59
========= =========
Computation of Earnings per Common
Share Assuming Full Dilution: (a)
Reported income.................................... $ 14,251 $ 15,651
========= =========
Average number of shares used to compute
earnings per common share.......................... 9,803 9,803
Effect of unexercised stock options................. 48 48
--------- ---------
Average number of shares used to compute
earnings per common share assuming full dilution... 9,851 9,851
Earnings per share ========= =========
assuming full dilution............................. $ 1.45 $ 1.59
========= =========
<FN>
- ------------------
(a) This calculation is submitted in accordance with Regulation S-K
Item 601(b)(11) although not required by APB Opinion No. 15 because
it results in dilution of less than 3%.
3
EXHIBIT 11
(continued)
CHEMED CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATIONS OF EARNINGS PER COMMON SHARE AS SHOWN
IN ANNUAL REPORT ON FORM 10-K
(in thousands except per share data)
===============================================================================
1991
-----------------------
Income
from
Continuing
Operations Net Income
- -------------------------------------------------------------------------------
Computation of Earnings per Common
and Common Equivalent Share: (a)
Reported income..................................... $ 11,037 $ 52,967
========= =========
Average number of shares used to compute
earnings per common share.......................... 10,059 10,059
Effect of unexercised stock options................. 5 5
--------- ---------
Average number of shares used to compute
earnings per common and common equivalent share.... $ 10,064 $ 10,064
========= =========
Earnings per common and common
equivalent share................................... $ 1.10 $ 5.26
========= =========
Computation of Earnings per Common
Share Assuming Full Dilution: (a)
Reported income.................................... $ 11,037 $ 52,967
========= =========
Average number of shares used to compute
earnings per common share.......................... 10,059 10,059
Effect of unexercised stock options................. 36 36
--------- ---------
Average number of shares used to compute
earnings per common share assuming full dilution... 10,095 10,095
Earnings per share ========= =========
assuming full dilution............................. $ 1.09 $ 5.25
========= =========
<FN>
- ------------------
(a) This calculation is submitted in accordance with Regulation S-K
Item 601(b)(11) although not required by APB Opinion No. 15 because
it results in dilution of less than 3%.