Kimball International (KBAL) 10-Q2015 Q2 Quarterly report

Filed: 4 Feb 15, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: accomplishing, book, centralized, data, description, efficiently, enforceable, equitable, exceeding, excellence, factor, foregoing, formula, jet, magnified, met, metropolitan, modification, momentum, preserve, recession, recipient, reputation, restricted, RSU, rural, savvy, size, social, software, sound, steadily, text, tied, translation, travel, Trustworthy, Unrecorded, visit

Removed: accounted, Additionally, alleged, allocated, allocation, antitrust, approval, August, automotive, begin, borrow, canceled, capitalization, caption, case, cease, Chinese, choose, concentration, conspired, covered, damage, deductible, Department, depicted, detail, dollar, dual, durability, engineering, equivalent, established, Euro, Europe, European, expectation, expired, expiring, fix, fourth, Fremont, frequently, Gaylord, improving, industrial, ineffective, insignificant, Intersegment, JCI, Johnson, largest, leader, long, lot, manufacture, manufactured, Michigan, minimal, minimum, mixed, moderate, negatively, notional, obsolescence, obsolete, operational, opt, ordinary, philosophy, Poland, procurement, produced, Qualitative, Quantitative, rapid, recovered, relevant, replace, retain, rolling, safety, salary, satisfy, segmentation, separation, sourcing, stable, supplier, tangible, technological, term, treatment, turnover, unallocated, USD, variability, volume, worth

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

KBAL similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 11

KIMBALL INTERNATIONAL, INC.

COMPUTATION OF EARNINGS PER SHARE

EARNINGS PER SHARE FROM CONTINUING OPERATIONS



(Unaudited)	Three Months Ended									Three Months Ended
(Amounts in Thousands, Except for Per Share Data)	December 31, 2014									December 31, 2013
	Class A			Class B			Total			Class A			Class B			Total
Basic Earnings (Loss) Per Share from Continuing Operations:
Dividends Declared	$	112		$	1,839		$	1,951		$	360		$	1,522		$	1,882
Undistributed Earnings (Loss)	(168		)	(1,784		)	(1,952		)	44			162			206
Income (Loss) from Continuing Operations	$	(56	)	$	55		$	(1	)	$	404		$	1,684		$	2,088
Average Basic Shares Outstanding	3,345			35,517			38,862			8,146			30,288			38,434
Basic Earnings (Loss) Per Share from Continuing Operations	$	(0.02	)	$	0.00					$	0.05		$	0.06
Diluted Earnings (Loss) Per Share from Continuing Operations:
Dividends Declared and Assumed Dividends on Dilutive Shares	$	112		$	1,839		$	1,951		$	368		$	1,522		$	1,890
Undistributed Earnings (Loss)	(168		)	(1,784		)	(1,952		)	43			155			198
Income (Loss) from Continuing Operations	$	(56	)	$	55		$	(1	)	$	411		$	1,677		$	2,088
Average Diluted Shares Outstanding	3,345			35,517			38,862			8,325			30,288			38,613
Diluted Earnings (Loss) Per Share from Continuing Operations	$	(0.02	)	$	0.00					$	0.05		$	0.06
Reconciliation of Basic and Diluted EPS from Continuing Operations Calculations:
Income (Loss) from Continuing Operations Used for Basic EPS Calculation	$	(56	)	$	55		$	(1	)	$	404		$	1,684		$	2,088
Assumed Dividends Payable on Dilutive Shares	—			—			—			8			—			8
Increase (Reduction) in Undistributed Earnings (Loss) - allocated based on Class A and Class B shares	—			—			—			(1		)	(7		)	(8		)
Income (Loss) from Continuing Operations Used for Diluted EPS Calculation	$	(56	)	$	55		$	(1	)	$	411		$	1,677		$	2,088
Average Shares Outstanding for Basic EPS Calculation	3,345			35,517			38,862			8,146			30,288			38,434
Dilutive Effect of Average Outstanding Compensation Awards	—			—			—			179			—			179
Average Shares Outstanding for Diluted EPS Calculation	3,345			35,517			38,862			8,325			30,288			38,613

For the quarter ended December 31, 2014, all of the 503,000 outstanding compensation awards were antidilutive and were excluded from the dilutive calculation.



(Unaudited)	Six Months Ended									Six Months Ended
(Amounts in Thousands, Except for Per Share Data)	December 31, 2014									December 31, 2013
	Class A			Class B			Total			Class A			Class B			Total
Basic Earnings Per Share from Continuing Operations:
Dividends Declared	$	474		$	3,380		$	3,854		$	735		$	3,027		$	3,762
Undistributed Earnings (Loss)	(340		)	(1,998		)	(2,338		)	(142		)	(523		)	(665		)
Income from Continuing Operations	$	134		$	1,382		$	1,516		$	593		$	2,504		$	3,097
Average Basic Shares Outstanding	5,642			33,144			38,786			8,217			30,155			38,372
Basic Earnings Per Share from Continuing Operations	$	0.02		$	0.04					$	0.07		$	0.08
Diluted Earnings Per Share from Continuing Operations:
Dividends Declared and Assumed Dividends on Dilutive Shares	$	474		$	3,390		$	3,864		$	770		$	3,027		$	3,797
Undistributed Earnings (Loss)	(341		)	(2,007		)	(2,348		)	(155		)	(545		)	(700		)
Income from Continuing Operations	$	133		$	1,383		$	1,516		$	615		$	2,482		$	3,097
Average Diluted Shares Outstanding	5,642			33,250			38,892			8,605			30,155			38,760
Diluted Earnings Per Share from Continuing Operations	$	0.02		$	0.04					$	0.07		$	0.08
Reconciliation of Basic and Diluted EPS from Continuing Operations Calculations:
Income from Continuing Operations Used for Basic EPS Calculation	$	134		$	1,382		$	1,516		$	593		$	2,504		$	3,097
Assumed Dividends Payable on Dilutive Shares	—			10			10			35			—			35
Increase (Reduction) in Undistributed Earnings (Loss) - allocated based on Class A and Class B shares	(1		)	(9		)	(10		)	(13		)	(22		)	(35		)
Income from Continuing Operations Used for Diluted EPS Calculation	$	133		$	1,383		$	1,516		$	615		$	2,482		$	3,097
Average Shares Outstanding for Basic EPS Calculation	5,642			33,144			38,786			8,217			30,155			38,372
Dilutive Effect of Average Outstanding Compensation Awards	—			106			106			388			—			388
Average Shares Outstanding for Diluted EPS Calculation	5,642			33,250			38,892			8,605			30,155			38,760

EARNINGS PER SHARE FROM DISCONTINUED OPERATIONS



(Unaudited)	Three Months Ended				Three Months Ended
	December 31, 2014				December 31, 2013
	Class A		Class B		Class A		Class B
Basic Earnings Per Share	$	0.07	$	0.07	$	0.19	$	0.18
Diluted Earnings Per Share	$	0.07	$	0.07	$	0.18	$	0.18

	Six Months Ended				Six Months Ended
	December 31, 2014				December 31, 2013
	Class A		Class B		Class A		Class B
Basic Earnings Per Share	$	0.24	$	0.24	$	0.40	$	0.40
Diluted Earnings Per Share	$	0.24	$	0.24	$	0.40	$	0.40

EARNINGS PER SHARE (INCLUDING DISCONTINUED OPERATIONS)



(Unaudited)	Three Months Ended						Three Months Ended
(Amounts in Thousands, Except for Per Share Data)	December 31, 2014						December 31, 2013
	Class A		Class B		Total		Class A		Class B		Total
Basic Earnings Per Share:
Dividends Declared	$	112	$	1,839	$	1,951	$	360	$	1,522	$	1,882
Undistributed Earnings	62		664		726		1,556		5,784		7,340
Net Income	$	174	$	2,503	$	2,677	$	1,916	$	7,306	$	9,222
Average Basic Shares Outstanding	3,345		35,517		38,862		8,146		30,288		38,434
Basic Earnings Per Share	$	0.05	$	0.07			$	0.24	$	0.24
Diluted Earnings Per Share:
Dividends Declared and Assumed Dividends on Dilutive Shares	$	112	$	1,839	$	1,951	$	368	$	1,522	$	1,890
Undistributed Earnings	62		664		726		1,581		5,751		7,332
Net Income	$	174	$	2,503	$	2,677	$	1,949	$	7,273	$	9,222
Average Diluted Shares Outstanding	3,345		35,517		38,862		8,325		30,288		38,613
Diluted Earnings Per Share	$	0.05	$	0.07			$	0.23	$	0.24

For the quarter ended December 31, 2014, all of the 503,000 outstanding compensation awards were antidilutive and were excluded from the dilutive calculation.



(Unaudited)	Six Months Ended						Six Months Ended
(Amounts in Thousands, Except for Per Share Data)	December 31, 2014						December 31, 2013
	Class A		Class B		Total		Class A		Class B		Total
Basic Earnings Per Share:
Dividends Declared	$	474	$	3,380	$	3,854	$	735	$	3,027	$	3,762
Undistributed Earnings	992		5,827		6,819		3,136		11,507		14,643
Net Income	$	1,466	$	9,207	$	10,673	$	3,871	$	14,534	$	18,405
Average Basic Shares Outstanding	5,642		33,144		38,786		8,217		30,155		38,372
Basic Earnings Per Share	$	0.26	$	0.28			$	0.47	$	0.48
Diluted Earnings Per Share:
Dividends Declared and Assumed Dividends on Dilutive Shares	$	474	$	3,390	$	3,864	$	770	$	3,027	$	3,797
Undistributed Earnings	988		5,821		6,809		3,243		11,365		14,608
Net Income	$	1,462	$	9,211	$	10,673	$	4,013	$	14,392	$	18,405
Average Diluted Shares Outstanding	5,642		33,250		38,892		8,605		30,155		38,760
Diluted Earnings Per Share	$	0.26	$	0.28			$	0.47	$	0.48

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.