Oil-Dri Corporation of America (ODC) 10-Q 2007 Q3 Quarterly report

Exhibit 11:

OIL-DRI CORPORATION OF AMERICA AND SUBSIDIARIES

Computation of Earnings Per Share

(in thousands except for per share amounts)

	Nine Months Ended April 30
	2007		2006
Net income available to stockholders (numerator)	$	5,609	$	4,118
Shares Calculation (denominator)
Average shares outstanding - Basic Common		4,882		5,014
Average shares outstanding - Basic Class B Common		1,814		1,823
Effect of Dilutive Securities:
Potential Common Stock relating to stock options		284		420
Average shares outstanding - Assuming dilution		6,980		7,257
Net Income Per Share: Basic Common	$	0.90	$	0.65
Net Income Per Share: Basic Class B Common	$	0.66	$	0.48
Diluted	$	0.80	$	0.57