Exhibit 11
KIMBALL INTERNATIONAL, INC.
COMPUTATION OF EARNINGS (LOSS) PER SHARE
| (Unaudited) | Three Months Ended | Three Months Ended | |||||||||||||||||||||
| (Amounts in Thousands, Except for Per Share Data) | September 30, 2012 | September 30, 2011 | |||||||||||||||||||||
| Class A | Class B | Total | Class A | Class B | Total | ||||||||||||||||||
| Basic Earnings (Loss) Per Share: | |||||||||||||||||||||||
| Dividends Declared | $ | 383 | $ | 1,478 | $ | 1,861 | $ | 470 | $ | 1,372 | $ | 1,842 | |||||||||||
| Undistributed Earnings (Loss) | 782 | 2,318 | 3,100 | (546 | ) | (1,442 | ) | (1,988 | ) | ||||||||||||||
| Net Income (Loss) | $ | 1,165 | $ | 3,796 | $ | 4,961 | $ | (76 | ) | $ | (70 | ) | $ | (146 | ) | ||||||||
| Average Basic Shares Outstanding | 9,589 | 28,428 | 38,017 | 10,401 | 27,435 | 37,836 | |||||||||||||||||
| Basic Earnings (Loss) Per Share | $ | 0.12 | $ | 0.13 | $ | (0.01 | ) | $ | 0.00 | ||||||||||||||
| Diluted Earnings (Loss) Per Share: | |||||||||||||||||||||||
| Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 394 | $ | 1,478 | $ | 1,872 | $ | 470 | $ | 1,372 | $ | 1,842 | |||||||||||
| Undistributed Earnings (Loss) | 794 | 2,295 | 3,089 | (546 | ) | (1,442 | ) | (1,988 | ) | ||||||||||||||
| Net Income (Loss) | $ | 1,188 | $ | 3,773 | $ | 4,961 | $ | (76 | ) | $ | (70 | ) | $ | (146 | ) | ||||||||
| Average Diluted Shares Outstanding | 9,828 | 28,428 | 38,256 | 10,401 | 27,435 | 37,836 | |||||||||||||||||
| Diluted Earnings (Loss) Per Share | $ | 0.12 | $ | 0.13 | $ | (0.01 | ) | $ | 0.00 | ||||||||||||||
| Reconciliation of Basic and Diluted EPS Calculations: | |||||||||||||||||||||||
| Net Income (Loss) Used for Basic EPS Calculation | $ | 1,165 | $ | 3,796 | $ | 4,961 | $ | (76 | ) | $ | (70 | ) | $ | (146 | ) | ||||||||
| Assumed Dividends Payable on Dilutive Shares: | |||||||||||||||||||||||
| Performance shares | 11 | — | 11 | — | — | — | |||||||||||||||||
| Increase (Reduction) in Undistributed Earnings - allocated based on Class A and Class B shares | 12 | (23 | ) | (11 | ) | — | — | — | |||||||||||||||
| Net Income (Loss) Used for Diluted EPS Calculation | $ | 1,188 | $ | 3,773 | $ | 4,961 | $ | (76 | ) | $ | (70 | ) | $ | (146 | ) | ||||||||
| Average Shares Outstanding for Basic EPS Calculation | 9,589 | 28,428 | 38,017 | 10,401 | 27,435 | 37,836 | |||||||||||||||||
| Dilutive Effect of Average Outstanding: | |||||||||||||||||||||||
| Performance shares | 239 | — | 239 | — | — | — | |||||||||||||||||
| Average Shares Outstanding for Diluted EPS Calculation | 9,828 | 28,428 | 38,256 | 10,401 | 27,435 | 37,836 | |||||||||||||||||
All of the 474,500 and 550,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the quarters ended September 30, 2012 and 2011, respectively. In addition, for the quarter ended September 30, 2011, all of the 683,000 average performance shares granted were antidilutive and were excluded from the dilutive calculation.