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New words:
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Exhibit 11:
OIL-DRI CORPORATION OF AMERICA AND SUBSIDIARIES
Computation of Earnings Per Share
(in thousands except for per share amounts)
Three Months Ended October 31 | |||||||
2007 | 2006 | ||||||
Net income available to stockholders (numerator) | $ | 2,484 | $ | 1,647 | |||
Shares Calculation (denominator) | |||||||
Average shares outstanding - Basic Common | 5,004 | 4,852 | |||||
Average shares outstanding - Basic Class B Common | 1,840 | 1,804 | |||||
Effect of Dilutive Securities: | |||||||
Potential Common Stock relating to stock options | 301 | 257 | |||||
Average shares outstanding - Assuming dilution | 7,145 | 6,913 | |||||
Net Income Per Share: Basic Common | $ | 0.38 | $ | 0.27 | |||
Net Income Per Share: Basic Class B Common | $ | 0.31 | $ | 0.20 | |||
Diluted | $ | 0.35 | $ | 0.24 |