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.