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PROVANTAGE HEALTH SERVICES, INC.
EXHIBIT 11 - COMPUTATION OF EARNINGS PER COMMON AND
COMMON EQUIVALENT SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
YEAR TO DATE AS OF FISCAL YEARS ENDED
------------------------------ ------------------------------------------------
APRIL 29, MAY 1, JANUARY 29, JANUARY 30, JANUARY 31,
2000 1999 2000 1999 1998
(13 WEEKS) (13 WEEKS) (52 WEEKS) (52 WEEKS) (52 WEEKS)
------------ ------------- -------------- ------------ ------------
<S> <C> <C> <C> <C> <C>
BASIC:
Net earnings $ 1,913 $ 2,353 $ 11,262 $ 9,482 $ 7,121
========== ========== ========== =========== ===========
Weighted average number of
outstanding common shares 18,150 12,550 15,644 12,550 12,550
========== ========== ========== =========== ===========
Net earnings per common
share - basic (1) $ 0.11 $ 0.19 $ 0.72 $ 0.76 $ 0.57
========== =========== ========== =========== ===========
DILUTED:
Net earnings $ 1,913 $ 2,353 $ 11,262 $ 9,482 $ 7,121
========== =========== ========== =========== ===========
Weighted average number of
outstanding common shares 18,150 12,550 15,644 12,550 12,550
Number of common shares
issuable assuming exercise
of stock options 7 - 1 - -
Adjusted weighted average
number of outstanding common
and common equivalent shares -
assuming full dilution 18,157 12,550 15,645 12,550 12,550
========== =========== ========== =========== ===========
Net earnings per common
share - diluted (1) $ 0.11 $ 0.19 $ 0.72 $ 0.76 $ 0.57
========== =========== ========== =========== ===========
</TABLE>
(1) Earnings per share are computed by dividing net earnings by the weighted
average number of outstanding common and common equivalent shares.
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