Oil-Dri Corporation of America (ODC) 10-Q 2007 Q2 Quarterly report

Exhibit 11:

OIL-DRI CORPORATION OF AMERICA AND SUBSIDIARIES
Computation of Earnings Per Share
(in thousands except for per share amounts)

	Six Months Ended January 31
	2007		2006
Net income available to stockholders (numerator)	$	3,610	$	2,895
Shares Calculation (denominator)
Average shares outstanding – Basic Common		4,861		5,005
Average shares outstanding – Basic Class B Common		1,810		1,823
Effect of Dilutive Securities:
Potential Common Stock relating to stock options		281		435
Average shares outstanding – Assuming dilution		6,952		7,263
Net Income Per Share:
Basic Common	$	0.58	$	0.46
Net Income Per Share:
Basic Class B Common	$	0.43	$	0.34
Diluted	$	0.52	$	0.40