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 |
| March 31, 2008 | | March 31, 2007 |
| (Amounts in Thousands,Except for Per Share Data) | Class A | | Class B | | Total | | Class A | | Class B | | Total |
| Basic Earnings (Loss) Per Share from Continuing Operations: | | | | | | | | | | |
| Dividends Declared | $ 1,865 | | $ 4,060 | | $ 5,925 | | $ 1,810 | | $ 4,382 | | $ 6,192 |
| Undistributed Loss | (2,156) | | (4,658) | | (6,814) | | (546) | | (1,258) | | (1,804) |
| Income (Loss) from Continuing Operations | $ (291) | | $ (598) | | $ (889) | | $ 1,264 | | $ 3,124 | | $ 4,388 |
| Average Basic Shares Outstanding | 11,686 | | 25,256 | | 36,942 | | 11,741 | | 27,050 | | 38,791 |
Basic Earnings (Loss) Per Share from
Continuing Operations | $ (0.02) | | $ (0.02) | | | | $ 0.11 | | $ 0.12 | | |
| | | | | | | | | | | |
| Diluted Earnings (Loss) Per Share from Continuing Operations: | | | | | | | | | | |
| Dividends Declared and Assumed | | | | | | | | | | | |
| Dividends on Dilutive Shares | $ 1,865 | | $ 4,060 | | $ 5,925 | | $ 1,835 | | $ 4,420 | | $ 6,255 |
| Undistributed Loss | (2,156) | | (4,658) | | (6,814) | | (573) | | (1,294) | | (1,867) |
| Income (Loss) from Continuing Operations | $ (291) | | $ (598) | | $ (889) | | $ 1,262 | | $ 3,126 | | $ 4,388 |
| Average Diluted Shares Outstanding | 11,686 | | 25,256 | | 36,942 | | 12,105 | | 27,349 | | 39,454 |
Diluted Earnings (Loss) Per Share from
Continuing Operations | $ (0.02) | | $ (0.02) | | | | $ 0.10 | | $ 0.11 | | |
| | | | | | | | | | | |
| Reconciliation of Basic and Diluted EPS from | | | | | | | | | | | |
| Continuing Operations Calculations: | | | | | | | | | | | |
| Income (Loss) from Continuing Operations | | | | | | | | | | | |
| Used for Basic EPS Calculation | $ (291) | | $ (598) | | $ (889) | | $ 1,264 | | $ 3,124 | | $ 4,388 |
| Assumed Dividends Payable on Dilutive Shares: | | | | | | | | | | | |
| Stock options | -0- | | -0- | | -0- | | -0- | | 35 | | 35 |
| Performance shares | -0- | | -0- | | -0- | | 25 | | 3 | | 28 |
| Reduction of Undistributed | | | | | | | | | | | |
| Loss - allocated based on | | | | | | | | | | | |
| Class A and Class B shares | -0- | | -0- | | -0- | | (27) | | (36) | | (63) |
Income (Loss) from Continuing Operations
Used for Diluted EPS Calculation | $ (291) | | $ (598) | | $ (889) | | $ 1,262 | | $ 3,126 | | $ 4,388 |
| | | | | | | | | | | |
| Average Shares Outstanding for Basic | | | | | | | | | | | |
| EPS Calculation | 11,686 | | 25,256 | | 36,942 | | 11,741 | | 27,050 | | 38,791 |
| Dilutive Effect of Average Outstanding: | | | | | | | | | | | |
| Stock options | -0- | | -0- | | -0- | | -0- | | 220 | | 220 |
| Performance shares | -0- | | -0- | | -0- | | 160 | | 17 | | 177 |
| Restricted share units | -0- | | -0- | | -0- | | 204 | | 62 | | 266 |
Average Shares Outstanding for Diluted
EPS Calculation | 11,686 | | 25,256 | | 36,942 | | 12,105 | | 27,349 | | 39,454 |
| | | | | | | | | | | |
| 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 March 31, 2008, all stock compensation awards were antidilutive, as a result of the loss from continuing operations, and were excluded from the dilutive calculation, including 784,000 average stock options, 360,000 average restricted share units, and 124,000 average performance shares. For the quarter ended March 31, 2007, all stock compensation awards were dilutive and were included in the dilutive calculation. |
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
| EARNINGS PER SHARE | (Unaudited) | | (Unaudited) |
| FROM CONTINUING OPERATIONS | Nine Months Ended | | Nine Months Ended |
| March 31, 2008 | | March 31, 2007 |
| (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 | $ 5,613 | | $ 12,172 | | $ 17,785 | | $ 5,740 | | $ 12,830 | | $ 18,570 |
| Undistributed Earnings (Loss) | (2,479) | | (5,393) | | (7,872) | | 82 | | 179 | | 261 |
| Income from Continuing Operations | $ 3,134 | | $ 6,779 | | $ 9,913 | | $ 5,822 | | $ 13,009 | | $ 18,831 |
| Average Basic Shares Outstanding | 11,702 | | 25,465 | | 37,167 | | 12,094 | | 26,473 | | 38,567 |
Basic Earnings Per Share from
Continuing Operations | $ 0.27 | | $ 0.27 | | | | $ 0.48 | | $ 0.49 | | |
| | | | | | | | | | | |
| Diluted Earnings Per Share from Continuing Operations: | | | | | | | | | | |
| Dividends Declared and Assumed | | | | | | | | | | | |
| Dividends on Dilutive Shares | $ 5,686 | | $ 12,178 | | $ 17,864 | | $ 5,815 | | $ 12,975 | | $ 18,790 |
| Undistributed Earnings (Loss) | (2,556) | | (5,395) | | (7,951) | | 13 | | 28 | | 41 |
| Income from Continuing Operations | $ 3,130 | | $ 6,783 | | $ 9,913 | | $ 5,828 | | $ 13,003 | | $ 18,831 |
| Average Diluted Shares Outstanding | 12,108 | | 25,554 | | 37,662 | | 12,436 | | 26,831 | | 39,267 |
Diluted Earnings Per Share from
Continuing Operations | $ 0.26 | | $ 0.27 | | | | $ 0.47 | | $ 0.48 | | |
| | | | | | | | | | | |
| Reconciliation of Basic and Diluted EPS from | | | | | | | | | | | |
| Continuing Operations Calculations: | | | | | | | | | | | |
| Income from Continuing Operations | | | | | | | | | | | |
| Used for Basic EPS Calculation | $ 3,134 | | $ 6,779 | | $ 9,913 | | $ 5,822 | | $ 13,009 | | $ 18,831 |
| Assumed Dividends Payable on Dilutive Shares: | | | | | | | | | | | |
| Stock options | -0- | | -0- | | -0- | | -0- | | 137 | | 137 |
| Performance shares | 73 | | 6 | | 79 | | 75 | | 8 | | 83 |
| Reduction of Undistributed | | | | | | | | | | | |
| Earnings - allocated based on | | | | | | | | | | | |
| Class A and Class B shares | (77) | | (2) | | (79) | | (69) | | (151) | | (220) |
Income from Continuing Operations
Used for Diluted EPS Calculation | $ 3,130 | | $ 6,783 | | $ 9,913 | | $ 5,828 | | $ 13,003 | | $ 18,831 |
| | | | | | | | | | | |
| Average Shares Outstanding for Basic | | | | | | | | | | | |
| EPS Calculation | 11,702 | | 25,465 | | 37,167 | | 12,094 | | 26,473 | | 38,567 |
| Dilutive Effect of Average Outstanding: | | | | | | | | | | | |
| Stock options | -0- | | -0- | | -0- | | -0- | | 286 | | 286 |
| Performance shares | 158 | | 13 | | 171 | | 180 | | 56 | | 236 |
| Restricted share units | 248 | | 76 | | 324 | | 162 | | 16 | | 178 |
Average Shares Outstanding for Diluted
EPS Calculation | 12,108 | | 25,554 | | 37,662 | | 12,436 | | 26,831 | | 39,267 |
| | | | | | | | | | | |
| 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 nine months ended March 31, 2008, all of the 796,000 average stock options outstanding were antidilutive and were excluded from the dilutive calculation, and all restricted share unit and performance share awards were dilutive and were included in the dilutive calculation. For the nine months ended March 31, 2007, all stock compensation awards were dilutive and 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 |
| March 31, 2008 | | March 31, 2007 |
| Basic: | | | |
| Class A | $ 0.00 | | $ (0.02) |
| Class B | $ 0.00 | | $ (0.02) |
| Diluted: | | | |
| Class A | $ 0.00 | | $ (0.01) |
| Class B | $ 0.00 | | $ (0.01) |
| | | |
| | | |
| | | |
| LOSS PER SHARE | (Unaudited) | | (Unaudited) |
| FROM DISCONTINUED OPERATIONS | Nine Months Ended | | Nine Months Ended |
| March 31, 2008 | | March 31, 2007 |
| Basic: | | | |
| Class A | $ (0.01) | | $ (0.11) |
| Class B | $ (0.01) | | $ (0.11) |
| Diluted: | | | |
| Class A | $ 0.00 | | $ (0.11) |
| Class B | $ (0.01) | | $ (0.10) |
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
| EARNINGS PER SHARE | (Unaudited) | | (Unaudited) |
| (INCLUDING DISCONTINUED OPERATIONS) | Three Months Ended | | Three Months Ended |
| March 31, 2008 | | March 31, 2007 |
| (Amounts in Thousands,Except for Per Share Data) | Class A | | Class B | | Total | | Class A | | Class B | | Total |
| Basic Earnings (Loss) Per Share: | | | | | | | | | | | |
| Dividends Declared | $ 1,865 | | $ 4,060 | | $ 5,925 | | $ 1,810 | | $ 4,382 | | $ 6,192 |
| Undistributed Loss | (2,156) | | (4,658) | | (6,814) | | (719) | | (1,657) | | (2,376) |
| Net Income (Loss) | $ (291) | | $ (598) | | $ (889) | | $ 1,091 | | $ 2,725 | | $ 3,816 |
| Average Basic Shares Outstanding | 11,686 | | 25,256 | | 36,942 | | 11,741 | | 27,050 | | 38,791 |
| Basic Earnings Per Share | $ (0.02) | | $ (0.02) | | | | $ 0.09 | | $ 0.10 | | |
| | | | | | | | | | | |
| Diluted Earnings (Loss) Per Share: | | | | | | | | | | | |
| Dividends Declared and Assumed | | | | | | | | | | | |
| Dividends on Dilutive Shares | $ 1,865 | | $ 4,060 | | $ 5,925 | | $ 1,835 | | $ 4,420 | | $ 6,255 |
| Undistributed Loss | (2,156) | | (4,658) | | (6,814) | | (748) | | (1,691) | | (2,439) |
| Net Income (Loss) | $ (291) | | $ (598) | | $ (889) | | $ 1,087 | | $ 2,729 | | $ 3,816 |
| Average Diluted Shares Outstanding | 11,686 | | 25,256 | | 36,942 | | 12,105 | | 27,349 | | 39,454 |
| Diluted Earnings (Loss) Per Share | $ (0.02) | | $ (0.02) | | | | $ 0.09 | | $ 0.10 | | |
| | | | | | | | | | | |
| 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 March 31, 2008, all stock compensation awards were antidilutive, as a result of the loss from continuing operations, and were excluded from the dilutive calculation, including 784,000 average stock options, 360,000 average restricted share units, and 124,000 average performance shares. For the quarter ended March 31, 2007, all stock compensation awards were dilutive and were included in the dilutive calculation. |
| | | | | | | | | | | |
| EARNINGS PER SHARE | (Unaudited) | | (Unaudited) |
| (INCLUDING DISCONTINUED OPERATIONS) | Nine Months Ended | | Nine Months Ended |
| March 31, 2008 | | March 31, 2007 |
| (Amounts in Thousands,Except for Per Share Data) | Class A | | Class B | | Total | | Class A | | Class B | | Total |
| Basic Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared | $ 5,612 | | $ 12,172 | | $ 17,784 | | $ 5,740 | | $ 12,830 | | $ 18,570 |
| Undistributed Loss | (2,517) | | (5,478) | | (7,995) | | (1,216) | | (2,663) | | (3,879) |
| Net Income | $ 3,095 | | $ 6,694 | | $ 9,789 | | $ 4,524 | | $ 10,167 | | $ 14,691 |
| Average Basic Shares Outstanding | 11,702 | | 25,465 | | 37,167 | | 12,094 | | 26,473 | | 38,567 |
| Basic Earnings Per Share | $ 0.26 | | $ 0.26 | | | | $ 0.37 | | $ 0.38 | | |
| | | | | | | | | | | |
| Diluted Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared and Assumed | | | | | | | | | | | |
| Dividends on Dilutive Shares | $ 5,686 | | $ 12,178 | | $ 17,864 | | $ 5,815 | | $ 12,975 | | $ 18,790 |
| Undistributed Loss | (2,596) | | (5,479) | | (8,075) | | (1,298) | | (2,801) | | (4,099) |
| Net Income | $ 3,090 | | $ 6,699 | | $ 9,789 | | $ 4,517 | | $ 10,174 | | $ 14,691 |
| Average Diluted Shares Outstanding | 12,108 | | 25,554 | | 37,662 | | 12,436 | | 26,831 | | 39,267 |
| Diluted Earnings Per Share | $ 0.26 | | $ 0.26 | | | | $ 0.36 | | $ 0.38 | | |
| | | | | | | | | | | |
| 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 nine months ended March 31, 2008, all of the 796,000 average stock options outstanding were antidilutive and were excluded from the dilutive calculation, and all restricted share unit and performance share awards were dilutive and were included in the dilutive calculation. For the nine months ended March 31, 2007, all stock compensation awards were dilutive and were included in the dilutive calculation. |
