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, 2014 | | March 31, 2013 |
| | Class A | | Class B | | Total | | Class A | | Class B | | Total |
| Basic Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared | $ | 356 |
| | $ | 1,526 |
| | $ | 1,882 |
| | $ | 369 |
| | $ | 1,494 |
| | $ | 1,863 |
|
| Undistributed Earnings | 1,103 |
| | 4,223 |
| | 5,326 |
| | 393 |
| | 1,422 |
| | 1,815 |
|
| Net Income | $ | 1,459 |
| | $ | 5,749 |
| | $ | 7,208 |
| | $ | 762 |
| | $ | 2,916 |
| | $ | 3,678 |
|
| Average Basic Shares Outstanding | 7,958 |
| | 30,479 |
| | 38,437 |
| | 8,235 |
| | 29,845 |
| | 38,080 |
|
| Basic Earnings Per Share | $ | 0.18 |
| | $ | 0.19 |
| | | | $ | 0.09 |
| | $ | 0.10 |
| | |
| Diluted Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 370 |
| | $ | 1,526 |
| | $ | 1,896 |
| | $ | 374 |
| | $ | 1,494 |
| | $ | 1,868 |
|
| Undistributed Earnings | 1,134 |
| | 4,178 |
| | 5,312 |
| | 395 |
| | 1,415 |
| | 1,810 |
|
| Net Income | $ | 1,504 |
| | $ | 5,704 |
| | $ | 7,208 |
| | $ | 769 |
| | $ | 2,909 |
| | $ | 3,678 |
|
| Average Diluted Shares Outstanding | 8,271 |
| | 30,479 |
| | 38,750 |
| | 8,331 |
| | 29,845 |
| | 38,176 |
|
| Diluted Earnings Per Share | $ | 0.18 |
| | $ | 0.19 |
| | | | $ | 0.09 |
| | $ | 0.10 |
| | |
| Reconciliation of Basic and Diluted EPS Calculations: | | | | | | | | | | | |
| Net Income Used for Basic EPS Calculation | $ | 1,459 |
| | $ | 5,749 |
| | $ | 7,208 |
| | $ | 762 |
| | $ | 2,916 |
| | $ | 3,678 |
|
| Assumed Dividends Payable on Dilutive Performance Shares | 14 |
| | — |
| | 14 |
| | 5 |
| | — |
| | 5 |
|
| Increase (Reduction) in Undistributed Earnings - allocated based on Class A and Class B shares | 31 |
| | (45 | ) | | (14 | ) | | 2 |
| | (7 | ) | | (5 | ) |
| Net Income Used for Diluted EPS Calculation | $ | 1,504 |
| | $ | 5,704 |
| | $ | 7,208 |
| | $ | 769 |
| | $ | 2,909 |
| | $ | 3,678 |
|
| Average Shares Outstanding for Basic EPS Calculation | 7,958 |
| | 30,479 |
| | 38,437 |
| | 8,235 |
| | 29,845 |
| | 38,080 |
|
| Dilutive Effect of Average Outstanding Performance Shares | 313 |
| | — |
| | 313 |
| | 96 |
| | — |
| | 96 |
|
| Average Shares Outstanding for Diluted EPS Calculation | 8,271 |
| | 30,479 |
| | 38,750 |
| | 8,331 |
| | 29,845 |
| | 38,176 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| (Unaudited) | Nine Months Ended | | Nine Months Ended |
| (Amounts in Thousands, Except for Per Share Data) | March 31, 2014 | | March 31, 2013 |
| | Class A | | Class B | | Total | | Class A | | Class B | | Total |
| Basic Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared | $ | 1,091 |
| | $ | 4,553 |
| | $ | 5,644 |
| | $ | 1,127 |
| | $ | 4,460 |
| | $ | 5,587 |
|
| Undistributed Earnings | 4,229 |
| | 15,740 |
| | 19,969 |
| | 1,656 |
| | 5,575 |
| | 7,231 |
|
| Net Income | $ | 5,320 |
| | $ | 20,293 |
| | $ | 25,613 |
| | $ | 2,783 |
| | $ | 10,035 |
| | $ | 12,818 |
|
| Average Basic Shares Outstanding | 8,131 |
| | 30,263 |
| | 38,394 |
| | 8,714 |
| | 29,344 |
| | 38,058 |
|
| Basic Earnings Per Share | $ | 0.65 |
| | $ | 0.67 |
| | | | $ | 0.32 |
| | $ | 0.34 |
| | |
| Diluted Earnings Per Share: | | | | | | | | | | | |
| Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 1,151 |
| | $ | 4,553 |
| | $ | 5,704 |
| | $ | 1,177 |
| | $ | 4,460 |
| | $ | 5,637 |
|
| Undistributed Earnings | 4,396 |
| | 15,513 |
| | 19,909 |
| | 1,698 |
| | 5,483 |
| | 7,181 |
|
| Net Income | $ | 5,547 |
| | $ | 20,066 |
| | $ | 25,613 |
| | $ | 2,875 |
| | $ | 9,943 |
| | $ | 12,818 |
|
| Average Diluted Shares Outstanding | 8,575 |
| | 30,263 |
| | 38,838 |
| | 9,084 |
| | 29,344 |
| | 38,428 |
|
| Diluted Earnings Per Share | $ | 0.65 |
| | $ | 0.66 |
| | | | $ | 0.32 |
| | $ | 0.34 |
| | |
| Reconciliation of Basic and Diluted EPS Calculations: | | | | | | | | | | | |
| Net Income Used for Basic EPS Calculation | $ | 5,320 |
| | $ | 20,293 |
| | $ | 25,613 |
| | $ | 2,783 |
| | $ | 10,035 |
| | $ | 12,818 |
|
| Assumed Dividends Payable on Dilutive Performance Shares | 60 |
| | — |
| | 60 |
| | 50 |
| | — |
| | 50 |
|
| Increase (Reduction) in Undistributed Earnings - allocated based on Class A and Class B shares | 167 |
| | (227 | ) | | (60 | ) | | 42 |
| | (92 | ) | | (50 | ) |
| Net Income Used for Diluted EPS Calculation | $ | 5,547 |
| | $ | 20,066 |
| | $ | 25,613 |
| | $ | 2,875 |
| | $ | 9,943 |
| | $ | 12,818 |
|
| Average Shares Outstanding for Basic EPS Calculation | 8,131 |
| | 30,263 |
| | 38,394 |
| | 8,714 |
| | 29,344 |
| | 38,058 |
|
| Dilutive Effect of Average Outstanding Performance Shares | 444 |
| | — |
| | 444 |
| | 370 |
| | — |
| | 370 |
|
| Average Shares Outstanding for Diluted EPS Calculation | 8,575 |
| | 30,263 |
| | 38,838 |
| | 9,084 |
| | 29,344 |
| | 38,428 |
|
| | | | | | | | | | | | |
All of the 237,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the nine months ended March 31, 2013. There were no stock options outstanding during the nine months ended March 31, 2014.
