Oil-Dri Corporation of America (ODC) 10-Q 2015 Q3 Quarterly report

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,
	2015			2014			2015			2014
Net income available to stockholders	$	1,385		$	722		$	6,302		$	7,890
Less: Distributed and undistributed earnings allocated  to non-vested restricted stock	(20		)	(11		)	(91		)	(119		)
Earnings available to common shareholders	$	1,365		$	711		$	6,211		$	7,771
Shares Calculation
Average shares outstanding - Basic Common	4,957			4,987			4,953			4,974
Average shares outstanding - Basic Class B Common	2,022			2,004			2,018			2,000
Potential Common Stock relating to stock options and  non-vested restricted stock	67			22			63			24
Average shares outstanding - Assuming dilution	7,046			7,013			7,034			6,998
Net Income Per Share: Basic Common	$	0.21		$	0.11		$	0.96		$	1.20
Net Income Per Share: Basic Class B Common	$	0.16		$	0.08		$	0.72		$	0.90
Net Income Per Share: Diluted	$	0.19		$	0.10		$	0.88		$	1.11

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