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EXHIBIT 11
RAMSAY YOUTH SERVICES, INC. AND SUBSIDIARIES
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<CAPTION>
QUARTER ENDED SEPTEMBER 30, NINE MONTHS ENDED SEPTEMBER 30,
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2000 1999 2000 1999
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(unaudited) (unaudited) (unaudited) (unaudited)
<S> <C> <C> <C> <C>
Numerator:
Numerator for basic earnings per share -
income attributable to common stockholders $ 138,000 $ 396,000 $ 405,000 $2,458,000
Effect of dilutive securities ................ -- -- -- --
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-- -- -- --
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Numerator for diluted earnings per share -
income attributable to common
stockholders after assumed conversions ... $ 138,000 $ 396,000 $ 405,000 $2,458,000
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Denominator:
Denominator for basic earnings per share -
weighted-average shares .................... 8,915,000 8,890,000 8,908,000 8,889,000
Effect of dilutive securities:
Employee stock options and warrants ........ -- 215,000 126,000 840,000
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Dilutive potential common shares ............. -- 215,000 126,000 840,000
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Denominator for diluted earnings per share
- adjusted weighted-average shares and
assumed conversions ...................... 8,915,000 9,105,000 9,034,000 9,729,000
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Earnings per share:
Basic ........................................ $ .02 $ .04 $ .05 $ .28
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Diluted ...................................... $ .02 $ .04 $ .05 $ .25
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