|
|
|
|
|
|
|
|
|
|
|
|
|
EXHIBIT 11
HEALTHSOUTH CORPORATION AND SUBSIDIARIES
COMPUTATION OF INCOME PER SHARE (UNAUDITED)
(IN THOUSANDS, EXCEPT FOR PER SHARE DATA)
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
--------------------- ---------------------
2000 1999 2000 1999
-------- --------- --------- --------
<S> <C> <C> <C> <C>
Numerator:
Net income (loss) $ 71,037 $ (4,330) $ 201,579 $219,582
======== ========= ========= ========
Numerator for basic earnings per share -- income available to
common stockholders $ 71,037 $ (4,330) $ 201,579 $219,582
Effect of dilutive securities:
Elimination of interest and amortization on 3.25% Convertible
Subordinated Debentures due 2003, less the related
effect of the provision of income taxes -- (1) -- (1) -- (1) -- (1)
-------- --------- --------- --------
Numerator for diluted earnings per share -- income available to
common stockholders after assumed conversion $ 71,037 $ (4,330) $ 201,579 $219,582
======== ========= ========= ========
Denominator:
Denominator for basic earnings per share -- weighted-average
shares 385,615 412,874 385,960 415,341
Effect of dilutive securities:
Net effect of dilutive stock options 3,668 5,230 4,672 6,981
Restricted shares issued 750 300 750 300
Assumed conversion of 3.25% Convertible Subordinated
Debentures due 2003 -- (1) -- (1) -- (1) -- (1)
-------- --------- --------- --------
Dilutive potential common shares 4,418 5,530 5,422 7,281
-------- --------- --------- --------
Denominator of diluted earnings per share -- adjusted
weighted-average shares and assumed conversions 390,033 418,404 391,382 422,622
======== ========= ========= ========
Basic earnings (loss) per share $ 0.18 $ (0.01) $ 0.52 $ 0.53
======== ========= ========= ========
Diluted earnings (loss) per share $ 0.18 $ (0.01) $ 0.52 $ 0.52
======== ========= ========= ========
</TABLE>
(1) The effect of these securities was antidilutive for all periods presented.
|
|