Oil-Dri Corporation of America (ODC) 10-Q 2020 Q2 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 January 31,						For the Six Months Ended January 31,
	2020			2019			2020			2019
Net income available to stockholders	$	4,830		$	2,287		$	8,366		$	3,193
Less: Distributed and undistributed earnings allocated  to non-vested restricted stock	(240		)	(92		)	(421		)	(133		)
Earnings available to common shareholders	$	4,590		$	2,195		$	7,945		$	3,060
Shares Calculation
Average shares outstanding - Basic Common	5,181			5,121			5,164			5,099
Average shares outstanding - Basic Class B Common	2,039			2,068			2,045			2,069
Potential Common Stock relating to stock options and  non-vested restricted stock	124			40			112			74
Average shares outstanding - Assuming dilution	7,344			7,229			7,321			7,242
Net Income Per Share: Basic Common	$	0.68		$	0.33		$	1.19		$	0.46
Net Income Per Share: Basic Class B Common	$	0.51		$	0.25		$	0.89		$	0.34
Net Income Per Share: Diluted Common	$	0.63		$	0.30		$	1.09		$	0.42

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