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.
