KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE FISCAL YEAR ENDED JUNE 30, 1994 Net income, fiscal year ended June 30, 1994 $36,169,000 Dividends declared: Class A Common -- $.83 per share $(6,114,000) Class B Common -- $.84 per share (11,590,000) (17,704,000) Undistributed Earnings $18,465,000 Undistributed earnings divided by 21,164,905 average number of shares outstanding $0.8724 Class A Class B Undistributed Earnings Per Share $ .8724 $ .8724 Assumed Distribution of Earnings .8300 .8400 Earnings Per Share $1.7024 $1.7124 COMPUTATION OF EARNINGS PER SHARE FISCAL YEAR ENDED JUNE 30, 1993 Net income, fiscal year ended June 30, 1993 $30,583,000 Dividends declared: Class A Common -- $.77 per share $(5,684,000) Class B Common -- $.78 per share (10,770,000) (16,454,000) Undistributed Earnings $14,129,000 Undistributed earnings divided by 21,198,789 average number of shares outstanding $0.6665 Class A Class B Undistributed Earnings Per Share $ .6665 $ .6665 Assumed Distribution of Earnings .7700 .7800 Earnings Per Share $1.4365 $1.4465 Exhibit 11 Page 1 of 2 - 76 - KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE FISCAL YEAR ENDED JUNE 30, 1992 Net income, fiscal year ended June 30, 1992 $38,628,000 Dividends declared: Class A Common -- $.69 per share $(5,101,000) Class B Common -- $.70 per share (9,644,000) (14,745,000) Undistributed Earnings $23,883,000 Undistributed earnings divided by 21,151,031, average number of shares outstanding $1.1292 Class A Class B Undistributed Earnings Per Share $1.1292 $1.1292 Assumed Distribution of Earnings .6900 .7000 Earnings Per Share $1.8192 $1.8292 Exhibit 11 Page 2 of 2 - 77 -