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, |
| | 2014 | 2013 | | 2014 | 2013 |
| Net income available to stockholders | $ | 722 |
| $ | 3,251 |
| | $ | 7,890 |
| $ | 9,849 |
|
| Less: Distributed and undistributed earnings allocated to non-vested stock | (11 | ) | (47 | ) | | (119 | ) | (144 | ) |
| Earnings available to common shareholders | $ | 711 |
| $ | 3,204 |
| | $ | 7,771 |
| $ | 9,705 |
|
| Shares Calculation | | | | | |
| Average shares outstanding - Basic Common | 4,987 |
| 4,923 |
| | 4,974 |
| 4,899 |
|
| Average shares outstanding - Basic Class B Common | 2,004 |
| 1,980 |
| | 2,000 |
| 1,966 |
|
| Potential Common Stock relating to stock options | 22 |
| 35 |
| | 24 |
| 51 |
|
| Average shares outstanding - Assuming dilution | 7,013 |
| 6,938 |
| | 6,998 |
| 6,916 |
|
| Net Income Per Share: Basic Common | $ | 0.11 |
| $ | 0.50 |
| | $ | 1.20 |
| $ | 1.52 |
|
| Net Income Per Share: Basic Class B Common | $ | 0.08 |
| $ | 0.37 |
| | $ | 0.90 |
| $ | 1.14 |
|
| Net Income Per Share: Diluted | $ | 0.10 |
| $ | 0.46 |
| | $ | 1.11 |
| $ | 1.40 |
|
