Kinetic Concepts Inc – ‘10-K’ for 12/31/96 – EX-11

As of:  Friday, 3/28/97   ·   For:  12/31/96   ·   Accession #:  831967-97-5   ·   File #:  1-09913   ·   Correction:  This Filing was Corrected by the SEC on 5/6/97. ®

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         31±   142K 
 2: EX-10       Material Contract                                      6±    30K 
 3: EX-10       Material Contract                                      4±    18K 
 4: EX-11       Statement re: Computation of Earnings Per Share        2±     9K 
 5: EX-13       Annual or Quarterly Report to Security Holders        55±   225K 
 6: EX-16       Letter re: Change in Certifying Accountant             1      7K 
 7: EX-22       Published Report Regarding Matters Submitted to a      2±    10K 
                          Vote of Security Holders                               
 8: EX-23       Consent of Experts or Counsel                          1      8K 
 9: EX-27       Financial Data Schedule (Pre-XBRL)                     1      7K 

EX-11   —   Statement re: Computation of Earnings Per Share

Exhibit 11.1                                                                    
KINETIC CONCEPTS, INC. AND SUBSIDIARIES         
EARNINGS PER SHARE COMPUTATIONS           
(In thousands, except per share data)           

                         Year ended December 31,
                          1996      1995      1994
                         --------  --------  -------
Earnings before income taxes,                                                   
minority  interest and cumulative                                           
effect of change in accounting                                              
principles......................     $ 64,441  $ 48,346  $119,550           
Income taxes                            (25,454)  (19,905)  (55,949)            
Minority interest in subsidiary loss          -         -        40             
                          --------   -------   -------
Net earnings before cumulative effect                                           
of change in accounting principles     38,987    28,441    63,641           
Cumulative effect of change in method                                           
of accounting for inventory                 -         -       742           
                           _______   _______   _______
Net earnings                           $ 38,987  $ 28,441  $ 64,383             
                           =======   =======   =======

Shares used in earnings per share                                               
computations                           45,489    45,457    44,143           
                           =======   =======   =======
Earnings per share:                                                             
Earnings before cumulative effect                                           
of change in accounting                                                 
principles......................   $   0.86   $  0.63   $  1.44         
Cumulative effect of change in                                              
method of accounting for                                                
inventory                                 -         -      0.02         
                           _______   _______   _______
                          $   0.86   $  0.63   $  1.46
                           =======    ======   =======

Shares used in earnings per share                                               
computations - assuming full                                                
dilution                               45,584    45,914    44,709           
                            ======    ======    ======

Earnings per share - assuming full                                              
dilution:                                                                       
Earnings before cumulative effect                                           
of change in accounting                                                     
principles.......................    $  0.86    $  0.63   $  1.42           
Cumulative effect of change in                                              
method of accounting for                                                
inventory......................          -          -      0.02         
                             _______   _______   _______
                          $   0.86   $  0.63   $  1.44
                            =======    =======   =======

Exhibit 11.1 (Continued)            

KINETIC CONCEPTS, INC. AND SUBSIDIARIES           
EARNINGS PER SHARE COMPUTATIONS           
(In thousands, except per share data)           

COMPUTATION OF SHARES USED IN EARNINGS PER SHARE COMPUTATIONS                 

                         Year ended December 31,
                          1996    1995    1994
                         -------- -------- -------

Average outstanding common shares         43,958  44,183  43,912                
Average common equivalent shares -                                              
dilutive effect of option shares           1,531   1,274     231                
                          ------  ------  ------

Shares used in earnings per share                                               
computation......................         45,489  45,457  44,143                

SHARES USED IN EARNINGS PER SHARE COMPUTATIONS ASSUMING FULL                  
DILUTION                  

                           Year ended December 31,
                          1996    1995    1994
                         -------  ------  ------
Average outstanding common shares         43,958  44,183  43,912                
Average common equivalent shares -                                              
dilutive effect of option shares           1,626   1,731     797                
                          ------  ------  ------

Shares used in earnings per share                                               
computation - assuming full                                                     
dilution.....................          45,584  45,914  44,709             
                          ======  ======  ======