Exhibit 11
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three and Six Months Ended June 30, 2018 and 2017
($ in thousands, except per share data)
|
| | | | | | | | | | | | | | | | |
| | Three Months Ended June 30, 2018 | | Six Months Ended June 30, 2018 |
| | 2018 | | 2017 | | 2018 | | 2017 |
Basic: | | |
| | |
| | | | |
| | | | | | | | |
Net income | | $ | 5,917 |
| | $ | 2,261 |
| | $ | 26,072 |
| | $ | 17,579 |
|
Weighted average number of common shares during the period (in thousands) | | 41,600 |
| | 41,368 |
| | 41,531 |
| | 41,268 |
|
| | | | | | | | |
Net income per share – basic | | $ | 0.14 |
| | $ | 0.05 |
| | $ | 0.63 |
| | $ | 0.43 |
|
| | | | | | | | |
| | | | | | | | |
Diluted: | | |
| | |
| | | | |
| | | | | | | | |
Net income | | $ | 5,917 |
| | $ | 2,261 |
| | $ | 26,072 |
| | $ | 17,579 |
|
Weighted average number of common shares during the period | | 41,600 |
| | 41,368 |
| | 41,531 |
| | 41,268 |
|
Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: | | |
| | |
| | | | |
Stock options | | 115 |
| | 123 |
| | 109 |
| | 142 |
|
Common stock units related to deferred compensation for employees | | 25 |
| | 29 |
| | 25 |
| | 29 |
|
Restricted common stock units related to incentive compensation | | (5 | ) | | (27 | ) | | (6 | ) | | (23 | ) |
Total common and common equivalent shares adjusted to calculate diluted earnings per share | | 41,735 |
| | 41,493 |
| | 41,659 |
| | 41,416 |
|
| | | | | | | | |
Net income per share – diluted | | $ | 0.14 |
| | $ | 0.05 |
| | $ | 0.63 |
| | $ | 0.42 |
|