Exhibit 11
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
| EARNINGS PER SHARE | (Unaudited) | | (Unaudited) |
| FROM CONTINUING OPERATIONS | Three Months Ended | | Three Months Ended |
| December 31, 2007 | | December 31, 2006 |
|
| |
|
| (Amounts in Thousands, Except for Per Share Data) | Class A | Class B | Total | | Class A | Class B | Total |
| Basic Earnings Per Share from Continuing Operations: | | | | | |
| Dividends Declared | $ 1,867 | $ 4,059 | $ 5,926 | | $ 1,944 | $ 4,287 | $ 6,231 |
| Undistributed Earnings (Loss) | (535) | (1,151) | (1,686) | | 607 | 1,322 | 1,929 |
| |
|
|
| |
|
|
|
| Income from Continuing Operations | $ 1,332 | $ 2,908 | $ 4,240 | | $ 2,551 | $ 5,609 | $ 8,160 |
| | | | | | | |
| Average Basic Shares Outstanding | 11,720 | 25,206 | 36,926 | | 12,144 | 26,478 | 38,622 |
| | | | | | | |
Basic Earnings Per Share from Continuing
Operations | $0.11 | $0.12 | | | $0.21 | $0.21 | |
| | | | | | | |
| Diluted Earnings Per Share from Continuing Operations: | | | | | | |
Dividends Declared and Assumed
Dividends on Dilutive Shares | $ 1,893 | $ 4,061 | $ 5,954 | | $ 1,971 | $ 4,342 | $ 6,313 |
| Undistributed Earnings (Loss) | (557) | (1,157) | (1,714) | | 587 | 1,260 | 1,847 |
| |
|
|
| |
|
|
|
| Income from Continuing Operations | $ 1,336 | $ 2,904 | $ 4,240 | | $ 2,558 | $ 5,602 | $ 8,160 |
| | | | | | | |
| Average Diluted Shares Outstanding | 12,137 | 25,295 | 37,432 | | 12,507 | 26,872 | 39,379 |
| | | | | | | |
Diluted Earnings Per Share from
Continuing Operations | $0.11 | $0.11 | | | $0.20 | $0.21 | |
| | | | | | | |
| Reconciliation of Basic and Diluted EPS from Continuing Operations Calculations: | | | | | | |
Income from Continuing Operations
Used for Basic EPS Calculation | $ 1,332 | $ 2,908 | $ 4,240 | | $ 2,551 | $ 5,609 | $ 8,160 |
| | | | | | | |
| Assumed Dividends Payable on Dilutive Shares: | | | | | | |
| Stock options | -- | -- | -- | | -- | 52 | 52 |
| Performance shares | 26 | 2 | 28 | | 27 | 3 | 30 |
Reduction of Undistributed
Earnings - allocated based on
Class A and Class B shares | (22) | (6) | (28) | | (20) | (62) | (82) |
|
|
|
| |
|
|
|
Income from Continuing Operations
Used for Diluted EPS Calculation | $ 1,336 | $ 2,904 | $ 4,240 | | $ 2,558 | $ 5,602 | $ 8,160 |
| | | | | | | |
Average Shares Outstanding for Basic
EPS Calculation | 11,720 | 25,206 | 36,926 | | 12,144 | 26,478 | 38,622 |
| | | | | | | |
| Dilutive Effect of Average Outstanding: | | | | | | | |
| Stock options | -- | -- | -- | | -- | 319 | 319 |
| Performance shares | 165 | 14 | 179 | | 178 | 17 | 195 |
| Restricted share units | 252 | 75 | 327 | | 185 | 58 | 243 |
|
|
|
| |
|
|
|
Average Shares Outstanding for Diluted
EPS Calculation | 12,137 | 25,295 | 37,432 | | 12,507 | 26,872 | 39,379 |
Included in dividends declared for the basic and diluted earnings per share computation are dividends computed and accrued on unvested Class A and Class B restricted share units, which will be paid by a conversion to the equivalent value of common shares after a vesting period.
For the quarter ended December 31, 2007, all of the 785,000 average stock options outstanding were antidilutive, thus none of the stock options were included in the dilutive calculation. For the quarter ended December 31, 2006, none of the 1,172,000 stock options outstanding were antidilutive, thus all stock options were included in the dilutive calculation.
| EARNINGS PER SHARE | (Unaudited) | | (Unaudited) |
| FROM CONTINUING OPERATIONS | Six Months Ended | | Six Months Ended |
| December 31, 2007 | | December 31, 2006 |
|
| |
|
| (Amounts in Thousands, Except for Per Share Data) | Class A | Class B | Total | | Class A | Class B | Total |
| Basic Earnings Per Share from Continuing Operations: | | | | | |
| Dividends Declared | $ 3,747 | $ 8,112 | $11,859 | | $ 3,930 | $ 8,448 | $12,378 |
| Undistributed Earnings (Loss) | (332) | (725) | (1,057) | | 659 | 1,406 | 2,065 |
| |
|
|
| |
|
|
|
| Income from Continuing Operations | $ 3,415 | $ 7,387 | $10,802 | | $ 4,589 | $ 9,854 | $14,443 |
| | | | | | | |
| Average Basic Shares Outstanding | 11,710 | 25,569 | 37,279 | | 12,270 | 26,185 | 38,455 |
| | | | | | | |
Basic Earnings Per Share from Continuing
Operations | $0.29 | $0.29 | | | $0.37 | $0.38 | |
| | | | | | | |
| Diluted Earnings Per Share from Continuing Operations: | | | | | | |
Dividends Declared and Assumed
Dividends on Dilutive Shares | $ 3,804 | $ 8,116 | $11,920 | | $ 3,980 | $ 8,548 | $12,528 |
| Undistributed Earnings (Loss) | (360) | (758) | (1,118) | | 618 | 1,297 | 1,915 |
| |
|
|
| |
|
|
|
| Income from Continuing Operations | $ 3,444 | $ 7,358 | $10,802 | | $ 4,598 | $ 9,845 | $14,443 |
| | | | | | | |
| Average Diluted Shares Outstanding | 12,130 | 25,656 | 37,786 | | 12,604 | 26,549 | 39,153 |
| | | | | | | |
Diluted Earnings Per Share from
Continuing Operations | $0.28 | $0.29 | | | $0.36 | $0.37 | |
| | | | | | | |
| Reconciliation of Basic and Diluted EPS from Continuing Operations Calculations: | | | | | | |
Income from Continuing Operations
Used for Basic EPS Calculation | $ 3,415 | $ 7,387 | $10,802 | | $ 4,589 | $ 9,854 | $14,443 |
| | | | | | | |
| Assumed Dividends Payable on Dilutive Shares: | | | | | | |
| Stock options | -- | -- | -- | | -- | 95 | 95 |
| Performance shares | 57 | 4 | 61 | | 50 | 5 | 55 |
Reduction of Undistributed
Earnings - allocated based on
Class A and Class B shares | (28) | (33) | (61) | | (41) | (109) | (150) |
|
|
|
| |
|
|
|
Income from Continuing Operations
Used for Diluted EPS Calculation | $ 3,444 | $ 7,358 | $10,802 | | $ 4,598 | $ 9,845 | $14,443 |
| | | | | | | |
Average Shares Outstanding for Basic
EPS Calculation | 11,710 | 25,569 | 37,279 | | 12,270 | 26,185 | 38,455 |
| | | | | | | |
| Dilutive Effect of Average Outstanding: | | | | | | | |
| Stock options | -- | -- | -- | | -- | 294 | 294 |
| Performance shares | 180 | 15 | 195 | | 162 | 17 | 179 |
| Restricted share units | 240 | 72 | 312 | | 172 | 53 | 225 |
|
|
|
| |
|
|
|
Average Shares Outstanding for Diluted
EPS Calculation | 12,130 | 25,656 | 37,786 | | 12,604 | 26,549 | 39,153 |
Included in dividends declared for the basic and diluted earnings per share computation are dividends computed and accrued on unvested Class A and Class B restricted share units, which will be paid by a conversion to the equivalent value of common shares after a vesting period.
For the six months ended December 31, 2007, all of the 799,000 average stock options outstanding were antidilutive, thus none of the stock options were included in the dilutive calculation. For the six months ended December 31, 2006, none of the 1,353,000 average stock options outstanding were antidilutive, thus all stock options were included in the dilutive calculation.
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
| LOSS PER SHARE | (Unaudited) | | (Unaudited) |
| FROM DISCONTINUED OPERATIONS | Three Months Ended | | Three Months Ended |
| | December 31, 2007 | | December 31, 2006 |
| |
| |
|
| Basic: | | | |
| Class A | $0.00 | | ($0.02) |
| Class B | $0.00 | | ($0.02) |
| Diluted: | | | |
| Class A | $0.00 | | ($0.02) |
| Class B | $0.00 | | ($0.03) |
| LOSS PER SHARE | (Unaudited) | | (Unaudited) |
| FROM DISCONTINUED OPERATIONS | Six Months Ended | | Six Months Ended |
| | December 31, 2007 | | December 31, 2006 |
| |
| |
|
| Basic: | | | |
| Class A | $0.00 | | ($0.09) |
| Class B | $0.00 | | ($0.10) |
| Diluted: | | | |
| Class A | $0.00 | | ($0.09) |
| Class B | ($0.01) | | ($0.09) |
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
| EARNINGS PER SHARE | (Unaudited) | | (Unaudited) |
| (INCLUDING DISCONTINUED OPERATIONS) | Three Months Ended | | Three Months Ended |
| | December 31, 2007 | | December 31, 2006 |
| |
| |
|
| (Amounts in Thousands, Except for Per Share Data) | Class A | Class B | Total | | Class A | Class B | Total |
| Basic Earnings Per Share: | | | | | | | |
| Dividends Declared | $ 1,867 | $ 4,059 | $ 5,926 | | $ 1,944 | $ 4,287 | $ 6,231 |
| Undistributed Earnings (Loss) | (535) | (1,151) | (1,686) | | 306 | 667 | 973 |
| |
|
|
| |
|
|
|
| Net Income | $ 1,332 | $ 2,908 | $ 4,240 | | $ 2,250 | $ 4,954 | $ 7,204 |
| | | | | | | |
| Average Basic Shares Outstanding | 11,720 | 25,206 | 36,926 | | 12,144 | 26,478 | 38,622 |
| | | | | | | |
| Basic Earnings Per Share | $0.11 | $0.12 | | | $0.19 | $0.19 | |
| | | | | | | |
| Diluted Earnings Per Share: | | | | | | | |
Dividends Declared and Assumed
Dividends on Dilutive Shares | $ 1,893 | $ 4,061 | $ 5,954 | | $ 1,971 | $ 4,342 | $ 6,313 |
| Undistributed Earnings (Loss) | (557) | (1,157) | (1,714) | | 283 | 608 | 891 |
| |
|
|
| |
|
|
|
| Net Income | $ 1,336 | $ 2,904 | $ 4,240 | | $ 2,254 | $ 4,950 | $ 7,204 |
| | | | | | | |
| Average Diluted Shares Outstanding | 12,137 | 25,295 | 37,432 | | 12,507 | 26,872 | 39,379 |
| | | | | | | |
| Diluted Earnings Per Share | $0.11 | $0.11 | | | $0.18 | $0.18 | |
Included in dividends declared for the basic and diluted earnings per share computation are dividends computed and accrued on unvested Class A and Class B restricted share units, which will be paid by a conversion to the equivalent value of common shares after a vesting period.
For the quarter ended December 31, 2007, all of the 785,000 average stock options outstanding were antidilutive, thus none of the stock options were included in the dilutive calculation. For the quarter ended December 31, 2006, none of the 1,172,000 stock options outstanding were antidilutive, thus all stock options were included in the dilutive calculation.
| EARNINGS PER SHARE | (Unaudited) | | (Unaudited) |
| (INCLUDING DISCONTINUED OPERATIONS) | Six Months Ended | | Six Months Ended |
| | December 31, 2007 | | December 31, 2006 |
| |
| |
|
| (Amounts in Thousands, Except for Per Share Data) | Class A | Class B | Total | | Class A | Class B | Total |
| Basic Earnings Per Share: | | | | | | | |
| Dividends Declared | $ 3,747 | $ 8,112 | $ 11,859 | | $ 3,930 | $ 8,448 | $ 12,378 |
| Undistributed Earnings (Loss) | (371) | (810) | (1,181) | | (480) | (1,023) | (1,503) |
| |
|
|
| |
|
|
|
| Net Income | $ 3,376 | $ 7,302 | $ 10,678 | | $ 3,450 | $ 7,425 | $ 10,875 |
| | | | | | | |
| Average Basic Shares Outstanding | 11,710 | 25,569 | 37,279 | | 12,270 | 26,185 | 38,455 |
| | | | | | | |
| Basic Earnings Per Share | $0.29 | $0.29 | | | $0.28 | $0.28 | |
| | | | | | | |
| Diluted Earnings Per Share: | | | | | | | |
Dividends Declared and Assumed
Dividends on Dilutive Shares | $ 3,804 | $ 8,116 | $ 11,920 | | $ 3,980 | $ 8,548 | $ 12,528 |
| Undistributed Earnings (Loss) | (400) | (842) | (1,242) | | (534) | (1,119) | (1,653) |
| |
|
|
| |
|
|
|
| Net Income | $ 3,404 | $ 7,274 | $ 10,678 | | $ 3,446 | $ 7,429 | $ 10,875 |
| | | | | | | |
| Average Diluted Shares Outstanding | 12,130 | 25,656 | 37,786 | | 12,604 | 26,549 | 39,153 |
| | | | | | | |
| Diluted Earnings Per Share | $0.28 | $0.28 | | | $0.27 | $0.28 | |
Included in dividends declared for the basic and diluted earnings per share computation are dividends computed and accrued on unvested Class A and Class B restricted share units, which will be paid by a conversion to the equivalent value of common shares after a vesting period.
For the six months ended December 31, 2007, all of the 799,000 average stock options outstanding were antidilutive, thus none of the stock options were included in the dilutive calculation. For the six months ended December 31, 2006, none of the 1,353,000 average stock options outstanding were antidilutive, thus all stock options were included in the dilutive calculation.
