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 October 31, |
| 2016 | 2015 |
Net income available to stockholders | $ | 2,009 |
| $ | 5,423 |
|
Less: Distributed and undistributed earnings allocated to non-vested restricted stock | (45 | ) | (113 | ) |
Earnings available to common shareholders | $ | 1,964 |
| $ | 5,310 |
|
Shares Calculation | | |
Average shares outstanding - Basic Common | 5,004 |
| 4,975 |
|
Average shares outstanding - Basic Class B Common | 2,067 |
| 2,037 |
|
Potential Common Stock relating to stock options and non-vested restricted stock | 67 |
| 51 |
|
Average shares outstanding - Assuming dilution | 7,138 |
| 7,063 |
|
Net Income Per Share: Basic Common | $ | 0.30 |
| $ | 0.82 |
|
Net Income Per Share: Basic Class B Common | $ | 0.23 |
| $ | 0.61 |
|
Net Income Per Share: Diluted Common | $ | 0.28 |
| $ | 0.75 |
|