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 April 30, | | For the Nine Months Ended April 30, |
| | 2013 | 2012 | | 2013 | 2012 |
| Net income available to stockholders | $ | 3,251 |
| $ | 1,892 |
| | $ | 9,849 |
| $ | 6,206 |
|
| Less: Distributed and undistributed earnings allocated to non-vested stock | (47 | ) | (27 | ) | | (144 | ) | (89 | ) |
| Earnings available to common shareholders | $ | 3,204 |
| $ | 1,865 |
| | $ | 9,705 |
| $ | 6,117 |
|
| Shares Calculation | | | | | |
| Average shares outstanding - Basic Common | 4,923 |
| 5,115 |
| | 4,899 |
| 5,118 |
|
| Average shares outstanding - Basic Class B Common | 1,980 |
| 1,938 |
| | 1,966 |
| 1,932 |
|
| Potential Common Stock relating to stock options | 35 |
| 64 |
| | 51 |
| 66 |
|
| Average shares outstanding - Assuming dilution | 6,938 |
| 7,117 |
| | 6,916 |
| 7,116 |
|
| Net Income Per Share: Basic Common | $ | 0.50 |
| $ | 0.28 |
| | $ | 1.52 |
| $ | 0.93 |
|
| Net Income Per Share: Basic Class B Common | $ | 0.37 |
| $ | 0.21 |
| | $ | 1.14 |
| $ | 0.70 |
|
| Net Income Per Share: Diluted | $ | 0.46 |
| $ | 0.26 |
| | $ | 1.40 |
| $ | 0.86 |
|
