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) | March 31, 2012 | | March 31, 2011 |
| | Class A | | Class B | | Total | | Class A | | Class B | | Total |
| Basic Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared | $ | 466 |
| | $ | 1,377 |
| | $ | 1,843 |
| | $ | 470 |
| | $ | 1,365 |
| | $ | 1,835 |
|
| Undistributed Earnings | 182 |
| | 481 |
| | 663 |
| | 407 |
| | 1,064 |
| | 1,471 |
|
| Net Income | $ | 648 |
| | $ | 1,858 |
| | $ | 2,506 |
| | $ | 877 |
| | $ | 2,429 |
| | $ | 3,306 |
|
| Average Basic Shares Outstanding | 10,389 |
| | 27,510 |
| | 37,899 |
| | 10,455 |
| | 27,291 |
| | 37,746 |
|
| Basic Earnings Per Share | $ | 0.06 |
| | $ | 0.07 |
| | | | $ | 0.08 |
| | $ | 0.09 |
| | |
| Diluted Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 470 |
| | $ | 1,377 |
| | $ | 1,847 |
| | $ | 475 |
| | $ | 1,365 |
| | $ | 1,840 |
|
| Undistributed Earnings | 182 |
| | 477 |
| | 659 |
| | 409 |
| | 1,057 |
| | 1,466 |
|
| Net Income | $ | 652 |
| | $ | 1,854 |
| | $ | 2,506 |
| | $ | 884 |
| | $ | 2,422 |
| | $ | 3,306 |
|
| Average Diluted Shares Outstanding | 10,495 |
| | 27,510 |
| | 38,005 |
| | 10,553 |
| | 27,292 |
| | 37,845 |
|
| Diluted Earnings Per Share | $ | 0.06 |
| | $ | 0.07 |
| | | | $ | 0.08 |
| | $ | 0.09 |
| | |
| Reconciliation of Basic and Diluted EPS Calculations: | | | | | | | | | | | |
| Net Income Used for Basic EPS Calculation | $ | 648 |
| | $ | 1,858 |
| | $ | 2,506 |
| | $ | 877 |
| | $ | 2,429 |
| | $ | 3,306 |
|
| Assumed Dividends Payable on Dilutive Shares: | | | | | | | | | | | |
| Performance shares | 4 |
| | — |
| | 4 |
| | 5 |
| | — |
| | 5 |
|
| Increase (Reduction) in Undistributed Earnings - allocated based on Class A and Class B shares | — |
| | (4 | ) | | (4 | ) | | 2 |
| | (7 | ) | | (5 | ) |
| Net Income Used for Diluted EPS Calculation | $ | 652 |
| | $ | 1,854 |
| | $ | 2,506 |
| | $ | 884 |
| | $ | 2,422 |
| | $ | 3,306 |
|
| Average Shares Outstanding for Basic EPS Calculation | 10,389 |
| | 27,510 |
| | 37,899 |
| | 10,455 |
| | 27,291 |
| | 37,746 |
|
| Dilutive Effect of Average Outstanding: | | | | | | | | | | | |
| Performance shares | 106 |
| | — |
| | 106 |
| | 98 |
| | 1 |
| | 99 |
|
| Average Shares Outstanding for Diluted EPS Calculation | 10,495 |
| | 27,510 |
| | 38,005 |
| | 10,553 |
| | 27,292 |
| | 37,845 |
|
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 March 31, 2012 and 2011, respectively.
|
| | | | | | | | | | | | | | | | | | | | | | | |
| (Unaudited) | Nine Months Ended | | Nine Months Ended |
| (Amounts in Thousands, Except for Per Share Data) | March 31, 2012 | | March 31, 2011 |
| | Class A | | Class B | | Total | | Class A | | Class B | | Total |
| Basic Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared | $ | 1,404 |
| | $ | 4,124 |
| | $ | 5,528 |
| | $ | 1,420 |
| | $ | 4,082 |
| | $ | 5,502 |
|
| Undistributed Earnings (Loss) | 8 |
| | 21 |
| | 29 |
| | (241 | ) | | (623 | ) | | (864 | ) |
| Net Income | $ | 1,412 |
| | $ | 4,145 |
| | $ | 5,557 |
| | $ | 1,179 |
| | $ | 3,459 |
| | $ | 4,638 |
|
| Average Basic Shares Outstanding | 10,402 |
| | 27,473 |
| | 37,875 |
| | 10,513 |
| | 27,205 |
| | 37,718 |
|
| Basic Earnings Per Share | $ | 0.14 |
| | $ | 0.15 |
| | | | $ | 0.11 |
| | $ | 0.13 |
| | |
| Diluted Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 1,424 |
| | $ | 4,124 |
| | $ | 5,548 |
| | $ | 1,439 |
| | $ | 4,082 |
| | $ | 5,521 |
|
| Undistributed Earnings (Loss) | 2 |
| | 7 |
| | 9 |
| | (248 | ) | | (635 | ) | | (883 | ) |
| Net Income | $ | 1,426 |
| | $ | 4,131 |
| | $ | 5,557 |
| | $ | 1,191 |
| | $ | 3,447 |
| | $ | 4,638 |
|
| Average Diluted Shares Outstanding | 10,551 |
| | 27,473 |
| | 38,024 |
| | 10,650 |
| | 27,206 |
| | 37,856 |
|
| Diluted Earnings Per Share | $ | 0.14 |
| | $ | 0.15 |
| | | | $ | 0.11 |
| | $ | 0.13 |
| | |
| Reconciliation of Basic and Diluted EPS Calculations: | | | | | | | | | | | |
| Net Income Used for Basic EPS Calculation | $ | 1,412 |
| | $ | 4,145 |
| | $ | 5,557 |
| | $ | 1,179 |
| | $ | 3,459 |
| | $ | 4,638 |
|
| Assumed Dividends Payable on Dilutive Shares: | | | | | | | | | | | |
| Performance shares | 20 |
| | — |
| | 20 |
| | 19 |
| | — |
| | 19 |
|
| Increase (Reduction) in Undistributed Earnings (Loss) - allocated based on Class A and Class B shares | (6 | ) | | (14 | ) | | (20 | ) | | (7 | ) | | (12 | ) | | (19 | ) |
| Net Income Used for Diluted EPS Calculation | $ | 1,426 |
| | $ | 4,131 |
| | $ | 5,557 |
| | $ | 1,191 |
| | $ | 3,447 |
| | $ | 4,638 |
|
| Average Shares Outstanding for Basic EPS Calculation | 10,402 |
| | 27,473 |
| | 37,875 |
| | 10,513 |
| | 27,205 |
| | 37,718 |
|
| Dilutive Effect of Average Outstanding: | | | | | | | | | | | |
| Performance shares | 149 |
| | — |
| | 149 |
| | 137 |
| | 1 |
| | 138 |
|
| Average Shares Outstanding for Diluted EPS Calculation | 10,551 |
| | 27,473 |
| | 38,024 |
| | 10,650 |
| | 27,206 |
| | 37,856 |
|
All of the 515,000 and 627,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the nine months ended March 31, 2012 and 2011, respectively.
