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, 2012 | | December 31, 2011 |
| | Class A | | Class B | | Total | | Class A | | Class B | | Total |
| Basic Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared | $ | 374 |
| | $ | 1,489 |
| | $ | 1,863 |
| | $ | 468 |
| | $ | 1,375 |
| | $ | 1,843 |
|
| Undistributed Earnings | 506 |
| | 1,810 |
| | 2,316 |
| | 372 |
| | 982 |
| | 1,354 |
|
| Net Income | $ | 880 |
| | $ | 3,299 |
| | $ | 4,179 |
| | $ | 840 |
| | $ | 2,357 |
| | $ | 3,197 |
|
| Average Basic Shares Outstanding | 8,320 |
| | 29,757 |
| | 38,077 |
| | 10,417 |
| | 27,474 |
| | 37,891 |
|
| Basic Earnings Per Share | $ | 0.11 |
| | $ | 0.11 |
| | | | $ | 0.08 |
| | $ | 0.09 |
| | |
| Diluted Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 384 |
| | $ | 1,489 |
| | $ | 1,873 |
| | $ | 472 |
| | $ | 1,375 |
| | $ | 1,847 |
|
| Undistributed Earnings | 514 |
| | 1,792 |
| | 2,306 |
| | 373 |
| | 977 |
| | 1,350 |
|
| Net Income | $ | 898 |
| | $ | 3,281 |
| | $ | 4,179 |
| | $ | 845 |
| | $ | 2,352 |
| | $ | 3,197 |
|
| Average Diluted Shares Outstanding | 8,538 |
| | 29,757 |
| | 38,295 |
| | 10,505 |
| | 27,474 |
| | 37,979 |
|
| Diluted Earnings Per Share | $ | 0.11 |
| | $ | 0.11 |
| | | | $ | 0.08 |
| | $ | 0.09 |
| | |
| Reconciliation of Basic and Diluted EPS Calculations: | | | | | | | | | | | |
| Net Income Used for Basic EPS Calculation | $ | 880 |
| | $ | 3,299 |
| | $ | 4,179 |
| | $ | 840 |
| | $ | 2,357 |
| | $ | 3,197 |
|
| Assumed Dividends Payable on Dilutive Performance Shares | 10 |
| | — |
| | 10 |
| | 4 |
| | — |
| | 4 |
|
| Increase (Reduction) in Undistributed Earnings - allocated based on Class A and Class B shares | 8 |
| | (18 | ) | | (10 | ) | | 1 |
| | (5 | ) | | (4 | ) |
| Net Income Used for Diluted EPS Calculation | $ | 898 |
| | $ | 3,281 |
| | $ | 4,179 |
| | $ | 845 |
| | $ | 2,352 |
| | $ | 3,197 |
|
| Average Shares Outstanding for Basic EPS Calculation | 8,320 |
| | 29,757 |
| | 38,077 |
| | 10,417 |
| | 27,474 |
| | 37,891 |
|
| Dilutive Effect of Average Outstanding Performance Shares | 218 |
| | ��� |
| | 218 |
| | 88 |
| | — |
| | 88 |
|
| Average Shares Outstanding for Diluted EPS Calculation | 8,538 |
| | 29,757 |
| | 38,295 |
| | 10,505 |
| | 27,474 |
| | 37,979 |
|
All of the 235,000 and 480,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the quarters ended December 31, 2012 and 2011, respectively.
|
| | | | | | | | | | | | | | | | | | | | | | | |
| (Unaudited) | Six Months Ended | | Six Months Ended |
| (Amounts in Thousands, Except for Per Share Data) | December 31, 2012 | | December 31, 2011 |
| | Class A | | Class B | | Total | | Class A | | Class B | | Total |
| Basic Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared | $ | 758 |
| | $ | 2,966 |
| | $ | 3,724 |
| | $ | 938 |
| | $ | 2,747 |
| | $ | 3,685 |
|
| Undistributed Earnings (Loss) | 1,275 |
| | 4,141 |
| | 5,416 |
| | (174 | ) | | (460 | ) | | (634 | ) |
| Net Income | $ | 2,033 |
| | $ | 7,107 |
| | $ | 9,140 |
| | $ | 764 |
| | $ | 2,287 |
| | $ | 3,051 |
|
| Average Basic Shares Outstanding | 8,954 |
| | 29,093 |
| | 38,047 |
| | 10,409 |
| | 27,454 |
| | 37,863 |
|
| Basic Earnings Per Share | $ | 0.23 |
| | $ | 0.24 |
| | | | $ | 0.07 |
| | $ | 0.08 |
| | |
| Diluted Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 795 |
| | $ | 2,966 |
| | $ | 3,761 |
| | $ | 948 |
| | $ | 2,747 |
| | $ | 3,695 |
|
| Undistributed Earnings (Loss) | 1,311 |
| | 4,068 |
| | 5,379 |
| | (178 | ) | | (466 | ) | | (644 | ) |
| Net Income | $ | 2,106 |
| | $ | 7,034 |
| | $ | 9,140 |
| | $ | 770 |
| | $ | 2,281 |
| | $ | 3,051 |
|
| Average Diluted Shares Outstanding | 9,376 |
| | 29,093 |
| | 38,469 |
| | 10,519 |
| | 27,454 |
| | 37,973 |
|
| Diluted Earnings Per Share | $ | 0.22 |
| | $ | 0.24 |
| | | | $ | 0.07 |
| | $ | 0.08 |
| | |
| Reconciliation of Basic and Diluted EPS Calculations: | | | | | | | | | | | |
| Net Income Used for Basic EPS Calculation | $ | 2,033 |
| | $ | 7,107 |
| | $ | 9,140 |
| | $ | 764 |
| | $ | 2,287 |
| | $ | 3,051 |
|
| Assumed Dividends Payable on Dilutive Performance Shares | 37 |
| | — |
| | 37 |
| | 10 |
| | — |
| | 10 |
|
| Increase (Reduction) in Undistributed Earnings (Loss) - allocated based on Class A and Class B shares | 36 |
| | (73 | ) | | (37 | ) | | (4 | ) | | (6 | ) | | (10 | ) |
| Net Income Used for Diluted EPS Calculation | $ | 2,106 |
| | $ | 7,034 |
| | $ | 9,140 |
| | $ | 770 |
| | $ | 2,281 |
| | $ | 3,051 |
|
| Average Shares Outstanding for Basic EPS Calculation | 8,954 |
| | 29,093 |
| | 38,047 |
| | 10,409 |
| | 27,454 |
| | 37,863 |
|
| Dilutive Effect of Average Outstanding Performance Shares | 422 |
| | — |
| | 422 |
| | 110 |
| | — |
| | 110 |
|
| Average Shares Outstanding for Diluted EPS Calculation | 9,376 |
| | 29,093 |
| | 38,469 |
| | 10,519 |
| | 27,454 |
| | 37,973 |
|
| | | | | | | | | | | | |
All of the 316,000 and 527,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the six months ended December 31, 2012 and 2011, respectively.
