Oil-Dri Corporation of America (ODC) 10-Q 2017 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,
	2017			2016			2017			2016
Net income available to stockholders	$	3,211		$	3,821		$	9,470		$	9,244
Less: Distributed and undistributed earnings allocated  to non-vested restricted stock	(76		)	(90		)	(222		)	(185		)
Earnings available to common shareholders	$	3,135		$	3,731		$	9,248		$	9,059
Shares Calculation
Average shares outstanding - Basic Common	5,022			4,982			5,015			4,978
Average shares outstanding - Basic Class B Common	2,088			2,055			2,081			2,046
Potential Common Stock relating to stock options and  non-vested restricted stock	54			59			55			50
Average shares outstanding - Assuming dilution	7,164			7,096			7,151			7,074
Net Income Per Share: Basic Common	$	0.48		$	0.57		$	1.41		$	1.39
Net Income Per Share: Basic Class B Common	$	0.36		$	0.43		$	1.06		$	1.04
Net Income Per Share: Diluted Common	$	0.44		$	0.53		$	1.29		$	1.28

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