Exhibit 11
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE| | | (Unaudited) | | (Unaudited) | | |
| | | Three Months Ended | | Three Months Ended | | |
| | | March 31, 2001 | | March 31, 2000 | | |
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| | |
| (Amounts in Thousands, Except per Share Data) | Class A | Class B | Total | | Class A | Class B | Total |
| Basic Earnings Per Share: | | | | | | | |
| Dividends declared | $ 2,194 | $ 4,019 | $ 6,213 | | $ 2,215 | $ 4,171 | $ 6,386 |
| Undistributed earnings | 263 | 467 | 730 | | 1,826 | 3,339 | 5,165 |
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| Net Income | $ 2,457 | $ 4,486 | $ 6,943 | | $ 4,041 | $ 7,510 | $11,551 |
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| Average Basic Shares Outstanding | 14,152 | 25,117 | 39,269 | | 14,292 | 26,124 | 40,416 |
| | | | | | | | |
| Basic Earnings Per Share | $ 0.17 | $ 0.18 | | | $ 0.28 | $ 0.29 | |
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| Diluted Earnings Per Share: | | | | | | | |
Dividends declared and assumed
dividends on dilutive shares |
$ 2,194 |
$ 4,026 |
$ 6,220 | |
$ 2,215 |
$ 4,181 |
$ 6,396 |
| Undistributed earnings | 260 | 463 | 723 | | 1,820 | 3,335 | 5,155 |
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| Net Income | $ 2,454 | $ 4,489 | $ 6,943 | | $ 4,035 | $ 7,516 | $11,551 |
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| Average Diluted Shares Outstanding | 14,152 | 25,162 | 39,314 | | 14,292 | 26,184 | 40,476 |
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| Diluted Earnings Per Share | $ 0.17 | $ 0.18 | | | $ 0.28 | $ 0.29 | |
Included in the diluted earnings per share computation are 45,000 and 60,000 average shares of Class B common stock representing the dilutive effect of stock options and contingently issuable performance share grants for the three months ended March 31, 2001 and 2000, respectively. Also included in the diluted earnings per share computation are $7,000 and $10,000 of Class B assumed dividends payable on those dilutive shares for the three months ended March 31, 2001 and 2000, respectively. A corresponding reduction of undistributed earnings has been allocated evenly over Class A and Class B shares. Antidilutive stock options amounting to 2,116,000 out of 2,380,000 average shares outstanding were excluded from the dilutive calculation for the current year period and 1,459,000 out of 2,056,000 average shares outstanding were excluded from the dilutive calculation for the prior year period.
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE| | | (Unaudited) | | (Unaudited) | | |
| | | Nine Months Ended | | Nine Months Ended | | |
| | | March 31, 2001 | | March 31, 2000 | | |
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| |
| | |
| (Amounts in Thousands, Except per Share Data) | Class A | Class B | Total | | Class A | Class B | Total |
| Basic Earnings Per Share: | | | | | | | |
| Dividends declared | $ 6,581 | $ 12,056 | $ 18,637 | | $ 6,650 | $ 12,528 | $19,178 |
| Undistributed earnings | 4,153 | 7,368 | 11,521 | | 5,724 | 10,435 | 16,159 |
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| Net Income | $10,734 | $19,424 | $30,158 | | $12,374 | $ 22,963 | $35,337 |
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| Average Basic Shares Outstanding | 14,154 | 25,112 | 39,266 | | 14,305 | 26,084 | 40,389 |
| | | | | | | | |
| Basic Earnings Per Share | $ 0.76 | $ 0.77 | | | $ 0.87 | $ 0.88 | |
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| Diluted Earnings Per Share: | | | | | | | |
Dividends declared and assumed
dividends on dilutive shares |
$ 6,581 |
$ 12,088 |
$18,669 | |
$ 6,650 |
$12,594 |
$19,244 |
| Undistributed earnings | 4,134 | 7,355 | 11,489 | | 5,681 | 10,412 | 16,093 |
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| Net Income | $ 10,715 | $19,443 | $30,158 | | $ 12,331 | $23,006 | $35,337 |
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| Average Diluted Shares Outstanding | 14,154 | 25,179 | 39,333 | | 14,305 | 26,222 | 40,527 |
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| Diluted Earnings Per Share | $ 0.76 | $ 0.77 | | | $ 0.86 | $ 0.88 | |
Included in the diluted earnings per share computation are 67,000 and 138,000 average shares of Class B common stock representing the dilutive effect of stock options and contingently issuable performance share grants for the nine months ended March 31, 2001 and 2000, respectively. Also included in the diluted earnings per share computation are $32,000 and $66,000 of Class B assumed dividends payable on those dilutive shares for the nine months ended March 31, 2001 and 2000, respectively. A corresponding reduction of undistributed earnings has been allocated evenly over Class A and Class B shares. Antidilutive stock options amounting to 1,950,000 out of 2,292,000 average shares outstanding were excluded from the dilutive calculation for the current year period and 1,374,000 out of 2,042,000 average shares outstanding were excluded from the dilutive calculation for the prior year period.
