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 JUNE 30, SIX MONTHS ENDED JUNE 30,
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1996 1995 1996 1995
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PRIMARY EARNINGS PER SHARE(1):
Weighted average shares outstanding 7,485 4,230 6,816 4,131
Dilutive effect of conversions 10,074 -- 9,582 --
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Primary weighted average shares of common
stock and common stock equivalents outstanding 17,559 4,230 16,398 4,131
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Net Income $ 431 $ 606 $ 1,463 $ 1,203
Adjustment to net income for interest
savings, net of related income taxes 658 -- 1,319 --
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Adjusted net income $1,089 $ 606 $2,782 $1,203
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Earnings per share - primary $.06 $.14 $ .17 $.29
FULLY DILUTED EARNINGS PER SHARE:
Weighted average shares outstanding, including
escrow shares 9,021 4,230 8,210 4,131
Dilutive effect of conversions 9,897 4,972 9,610 4,972
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Fully diluted weighted average shares of
common stock and common stock equivalents
outstanding 18,918 9,202 17,820 9,103
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Net Income $ 431 $ 606 $ 1,463 $ 1,203
Adjustments to net income for interest savings,
net of related income taxes 620 775 1,204 1,546
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Adjusted net income $1,051 $1,381 $2,667 $2,749
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Earnings per share - fully diluted $.06 $.15 $.15 $.30
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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.
