Exhibit 11
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three Months Ended March 31, 2012 and 2011
(Amounts in thousands, except per share data)
Three Months Ended | ||||||||||||||
2012 | 2011 | |||||||||||||
As Adjusted | ||||||||||||||
Basic – assumes no dilution: | ||||||||||||||
Net income | $ | 26,671 | $ | 25,807 | ||||||||||
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Weighted average number of common | 39,794 | 39,749 | ||||||||||||
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Net income per share – basic | $ | 0.67 | $ | 0.65 | ||||||||||
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Diluted – assumes full dilution: | ||||||||||||||
Net income | $ | 26,671 | $ | 25,807 | ||||||||||
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Weighted average number of common | 39,794 | 39,749 | ||||||||||||
Weighted average number of common equivalent shares to | ||||||||||||||
Stock options | 214 | 304 | ||||||||||||
Common stock units related to deferred | 110 | 92 | ||||||||||||
Common stock units related to deferred | 116 | 195 | ||||||||||||
Restricted common stock units related | 1,312 | 1,359 | ||||||||||||
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Total common and common equivalent shares | 41,546 | 41,699 | ||||||||||||
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Net income per share – diluted | $ | 0.64 | $ | 0.62 | ||||||||||
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