Exhibit 11:
OIL-DRI CORPORATION OF AMERICA AND SUBSIDIARIES
Computation of Earnings Per Share
(in thousands except for per share amounts)
| | Three months Ended January 31, | | Six months Ended January 31, | |
| | 2010 | 2009 | | 2010 | 2009 | |
| Net income available to stockholders | $ 2,262 | $ 2,372 | | $ 4,456 | $ 4,618 | |
| Less: Distributed and undistributed earnings allocated to nonvested stock | (7) | (12) | | (16) | (26) | |
| Earnings available to common shareholders | $ 2,255 | $ 2,360 | | $ 4,440 | $4,592 | |
| Shares Calculation | | | | | | |
| Average shares outstanding – Basic Common | 5,206 | 5,131 | | 5,200 | 5,129 | |
| Average shares outstanding – Basic Class B Common | 1,890 | 1,873 | | 1,885 | 1,868 | |
| Potential Common Stock relating to stock options | 173 | 195 | | 174 | 199 | |
| Average shares outstanding – Assuming dilution | 7,269 | 7,199 | | 7,259 | 7,196 | |
| Net Income Per Share: Basic Common | $ 0.34 | $ 0.36 | | $ 0.67 | $ 0.70 | |
| Net Income Per Share: Basic Class B Common | $ 0.26 | $ 0.27 | | $ 0.50 | $ 0.53 | |
| Net Income Per Share: Diluted | $ 0.31 | $ 0.33 | | $ 0.61 | $ 0.64 | |