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Exhibit 11
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three Months Ended March 31, 2018 and 2017
($ in thousands, except per share data)
Three Months Ended March 31, | ||||||||
2018 | 2017 | |||||||
Basic: | ||||||||
Net income | $ | 20,155 | $ | 15,318 | ||||
Weighted average number of common shares during the period (in thousands) | 41,497 | 41,135 | ||||||
Net income per share – basic | $ | 0.49 | $ | 0.37 | ||||
Diluted: | ||||||||
Net income | $ | 20,155 | $ | 15,318 | ||||
Weighted average number of common shares during the period | 41,497 | 41,135 | ||||||
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: | ||||||||
Stock options | 115 | 195 | ||||||
Common stock units related to deferred compensation for employees | 25 | 29 | ||||||
Restricted common stock units related to incentive compensation | 16 | (17 | ) | |||||
Total common and common equivalent shares adjusted to calculate diluted earnings per share | 41,653 | 41,342 | ||||||
Net income per share – diluted | $ | 0.48 | $ | 0.37 |