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.