Exhibit 11
KIMBALL INTERNATIONAL, INC.
COMPUTATION OF EARNINGS PER SHARE
(Unaudited) | Three Months Ended | Three Months Ended | |||||||||||||||||||||
(Amounts in Thousands, Except for Per Share Data) | December 31, 2011 | December 31, 2010 | |||||||||||||||||||||
Class A | Class B | Total | Class A | Class B | Total | ||||||||||||||||||
Basic Earnings Per Share: | |||||||||||||||||||||||
Dividends Declared | $ | 468 | $ | 1,375 | $ | 1,843 | $ | 473 | $ | 1,361 | $ | 1,834 | |||||||||||
Undistributed Earnings (Loss) | 372 | 982 | 1,354 | (267 | ) | (691 | ) | (958 | ) | ||||||||||||||
Net Income | $ | 840 | $ | 2,357 | $ | 3,197 | $ | 206 | $ | 670 | $ | 876 | |||||||||||
Average Basic Shares Outstanding | 10,417 | 27,474 | 37,891 | 10,510 | 27,219 | 37,729 | |||||||||||||||||
Basic Earnings Per Share | $ | 0.08 | $ | 0.09 | $ | 0.02 | $ | 0.02 | |||||||||||||||
Diluted Earnings Per Share: | |||||||||||||||||||||||
Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 472 | $ | 1,375 | $ | 1,847 | $ | 476 | $ | 1,361 | $ | 1,837 | |||||||||||
Undistributed Earnings (Loss) | 373 | 977 | 1,350 | (269 | ) | (692 | ) | (961 | ) | ||||||||||||||
Net Income | $ | 845 | $ | 2,352 | $ | 3,197 | $ | 207 | $ | 669 | $ | 876 | |||||||||||
Average Diluted Shares Outstanding | 10,505 | 27,474 | 37,979 | 10,566 | 27,220 | 37,786 | |||||||||||||||||
Diluted Earnings Per Share | $ | 0.08 | $ | 0.09 | $ | 0.02 | $ | 0.02 | |||||||||||||||
Reconciliation of Basic and Diluted EPS Calculations: | |||||||||||||||||||||||
Net Income Used for Basic EPS Calculation | $ | 840 | $ | 2,357 | $ | 3,197 | $ | 206 | $ | 670 | $ | 876 | |||||||||||
Assumed Dividends Payable on Dilutive Shares: | |||||||||||||||||||||||
Performance shares | 4 | — | 4 | 3 | — | 3 | |||||||||||||||||
Increase (Reduction) in Undistributed Earnings (Loss) - allocated based on Class A and Class B shares | 1 | (5 | ) | (4 | ) | (2 | ) | (1 | ) | (3 | ) | ||||||||||||
Net Income Used for Diluted EPS Calculation | $ | 845 | $ | 2,352 | $ | 3,197 | $ | 207 | $ | 669 | $ | 876 | |||||||||||
Average Shares Outstanding for Basic EPS Calculation | 10,417 | 27,474 | 37,891 | 10,510 | 27,219 | 37,729 | |||||||||||||||||
Dilutive Effect of Average Outstanding: | |||||||||||||||||||||||
Performance shares | 88 | — | 88 | 56 | 1 | 57 | |||||||||||||||||
Average Shares Outstanding for Diluted EPS Calculation | 10,505 | 27,474 | 37,979 | 10,566 | 27,220 | 37,786 |
All of the 480,000 and 620,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the quarters ended December 31, 2011 and 2010, respectively.
(Unaudited) | Six Months Ended | Six Months Ended | |||||||||||||||||||||
(Amounts in Thousands, Except for Per Share Data) | December 31, 2011 | December 31, 2010 | |||||||||||||||||||||
Class A | Class B | Total | Class A | Class B | Total | ||||||||||||||||||
Basic Earnings Per Share: | |||||||||||||||||||||||
Dividends Declared | $ | 938 | $ | 2,747 | $ | 3,685 | $ | 950 | $ | 2,717 | $ | 3,667 | |||||||||||
Undistributed Loss | (174 | ) | (460 | ) | (634 | ) | (653 | ) | (1,682 | ) | (2,335 | ) | |||||||||||
Net Income | $ | 764 | $ | 2,287 | $ | 3,051 | $ | 297 | $ | 1,035 | $ | 1,332 | |||||||||||
Average Basic Shares Outstanding | 10,409 | 27,454 | 37,863 | 10,543 | 27,162 | 37,705 | |||||||||||||||||
Basic Earnings Per Share | $ | 0.07 | $ | 0.08 | $ | 0.03 | $ | 0.04 | |||||||||||||||
Diluted Earnings Per Share: | |||||||||||||||||||||||
Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 948 | $ | 2,747 | $ | 3,695 | $ | 960 | $ | 2,717 | $ | 3,677 | |||||||||||
Undistributed Loss | (178 | ) | (466 | ) | (644 | ) | (661 | ) | (1,684 | ) | (2,345 | ) | |||||||||||
Net Income | $ | 770 | $ | 2,281 | $ | 3,051 | $ | 299 | $ | 1,033 | $ | 1,332 | |||||||||||
Average Diluted Shares Outstanding | 10,519 | 27,454 | 37,973 | 10,653 | 27,163 | 37,816 | |||||||||||||||||
Diluted Earnings Per Share | $ | 0.07 | $ | 0.08 | $ | 0.03 | $ | 0.04 | |||||||||||||||
Reconciliation of Basic and Diluted EPS Calculations: | |||||||||||||||||||||||
Net Income Used for Basic EPS Calculation | $ | 764 | $ | 2,287 | $ | 3,051 | $ | 297 | $ | 1,035 | $ | 1,332 | |||||||||||
Assumed Dividends Payable on Dilutive Shares: | |||||||||||||||||||||||
Performance shares | 10 | — | 10 | 10 | — | 10 | |||||||||||||||||
Increase in Undistributed Loss - allocated based on Class A and Class B shares | (4 | ) | (6 | ) | (10 | ) | (8 | ) | (2 | ) | (10 | ) | |||||||||||
Net Income Used for Diluted EPS Calculation | $ | 770 | $ | 2,281 | $ | 3,051 | $ | 299 | $ | 1,033 | $ | 1,332 | |||||||||||
Average Shares Outstanding for Basic EPS Calculation | 10,409 | 27,454 | 37,863 | 10,543 | 27,162 | 37,705 | |||||||||||||||||
Dilutive Effect of Average Outstanding: | |||||||||||||||||||||||
Performance shares | 110 | — | 110 | 110 | 1 | 111 | |||||||||||||||||
Average Shares Outstanding for Diluted EPS Calculation | 10,519 | 27,454 | 37,973 | 10,653 | 27,163 | 37,816 |
All of the 527,000 and 629,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the quarters ended December 31, 2011 and 2010, respectively.