Exhibit 11:
OIL-DRI CORPORATION OF AMERICA AND SUBSIDIARIES
Computation of Earnings Per Share
(in thousands, except per share amounts)
For the Three Months Ended January 31, | For the Six Months Ended January 31, | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Net income available to stockholders | $ | 2,146 | $ | 3,239 | $ | 6,598 | $ | 4,314 | |||||
Less: Distributed and undistributed earnings allocated to non-vested stock | (28 | ) | (44 | ) | (98 | ) | (62 | ) | |||||
Earnings available to common shareholders | $ | 2,118 | $ | 3,195 | $ | 6,500 | $ | 4,252 | |||||
Shares Calculation | |||||||||||||
Average shares outstanding - Basic Common | 4,896 | 5,124 | 4,887 | 5,119 | |||||||||
Average shares outstanding - Basic Class B Common | 1,976 | 1,938 | 1,960 | 1,929 | |||||||||
Potential Common Stock relating to stock options | 50 | 66 | 57 | 66 | |||||||||
Average shares outstanding - Assuming dilution | 6,922 | 7,128 | 6,904 | 7,114 | |||||||||
Net Income Per Share: Basic Common | $ | 0.33 | $ | 0.49 | $ | 1.02 | $ | 0.65 | |||||
Net Income Per Share: Basic Class B Common | $ | 0.25 | $ | 0.36 | $ | 0.77 | $ | 0.49 | |||||
Net Income Per Share: Diluted | $ | 0.31 | $ | 0.45 | $ | 0.94 | $ | 0.60 |
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