from 10-Q
1 page
<page> Exhibit II American Medical Holdings, Inc. Computations of Earnings Per Share (In Thousands, Except for Per Share Amounts) <table> <caption> Three Months Ended February 28, Six Months Ended February 28, 1994 1993 1994 1993 <s> <c> <c> <c> <c> Simple Net Income $ 24,277 $ 18,282 $ 40,790 $ 28,843 Average Outstanding Shares 77,058 76,739 76,998 76,701 Simple Net Income Per Share $ 0.32 $ 0.24 $ 0.53 $ 0.38 Primary Net Income $ 24,277 $ 18,282 $ 40,790 $ 28,843 Adjustment for Interest on Debentures, Net of Tax 72 74 143 137 Net Income for Primary $ 24,349 $ 18,356 $ 40,933 $ 28,980 Average Outstanding Shares 77,058 76,739 76,998 76,701 Common Stock Equivalents Assuming Exercise of Stock Options 1,833 1,037 1,698 747 Common Stock Equivalents Assuming Conversion of Debentures 210 210 210 210 Shares for Primary 79,101 77,986 78,906 77,658 Primary Net Income Per Share $ 0.31 (1) $ 0.24 (1) $ 0.52 (1) $ 0.37 (1) Fully-Diluted Net Income for Primary $ 24,349 $ 18,356 $ 40,933 $ 28,980 Adjustment for Interest on Debentures, Net of Tax 133 137 266 260 Net Income for Fully-Diluted $ 24,482 $ 18,493 $ 41,199 $ 29,240 Shares for Primary 79,101 77,986 78,906 77,658 Common Stock Equivalents Assuming Additional Conversion of Debentures and Exercise of Stock Options 414 361 573 484 Shares for Fully-Diluted 79,515 78,347 79,479 78,142 Fully-Diluted Net Income Per Share $ 0.31 (1) $ 0.24 (1) $ 0.52 (1) $ 0.37 (1) <fn> (1) the Calculations for Primary Net Income Per Share and Fully-Diluted Net Income Per Share Are Submitted in Accordance With Regulation S-K Item 601(b)(11) Although It Is Contrary to Paragraph 40 of Apb Opinion No. 15 Because It Produces Either No Dilutive Effect or the Effect on Dilution Is Less Than 3%. </Table>
