US DIAGNOSTIC INC. AND SUBSIDIARIES
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COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK
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EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED MARCH 31,
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1996 1995
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PRIMARY EARNINGS PER SHARE(1):
Weighted average shares outstanding 6,158 4,032
Dilutive effect of conversions 4,929 --
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Primary weighted average shares of common
stock and common stock equivalents outstanding 11,087 4,032
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Net Income $ 1,032 $ 598
Adjustments to net income for interest savings,
net of related income taxes 321 --
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Adjusted net income $ 1,353 $ 598
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Earnings per share - primary $ .12 $ .15
FULLY DILUTED EARNINGS PER SHARE(1):
Weighted average shares outstanding,
including escrow shares 7,400 4,032
Dilutive effect of conversions 8,773 4,972
Dilutive effect of assumed conversion -
convertible debt 138 --
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Fully diluted weighted average shares of common
stock and common stock equivalents outstanding 16,311 9,004
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Net Income $ 1,032 $ 598
Adjustments to net income for interest savings,
net of related income taxes 582 771
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Adjusted net income $ 1,614 $ 1,369
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Earnings per share - fully diluted $ .10 $ .15
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(1) For the 1995 periods the effects of common stock equivalents was
anti-dilutive and therefore excluded from the calculation of earnings per
share.
