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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, | ||||||
2018 | 2017 | |||||
Net income available to stockholders | $ | 906 | $ | 3,050 | ||
Less: Distributed and undistributed earnings allocated to non-vested restricted stock | (39 | ) | (73 | ) | ||
Earnings available to common shareholders | $ | 867 | $ | 2,977 | ||
Shares Calculation | ||||||
Average shares outstanding - Basic Common | 5,076 | 5,025 | ||||
Average shares outstanding - Basic Class B Common | 2,069 | 2,090 | ||||
Potential Common Stock relating to stock options and non-vested restricted stock | 98 | 96 | ||||
Average shares outstanding - Assuming dilution | 7,243 | 7,211 | ||||
Net Income Per Share: Basic Common | $ | 0.13 | $ | 0.45 | ||
Net Income Per Share: Basic Class B Common | $ | 0.10 | $ | 0.34 | ||
Net Income Per Share: Diluted Common | $ | 0.12 | $ | 0.41 |
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