KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE THREE MONTHS ENDED MARCH 31, (UNAUDITED) 1996 1995 Net income, three months ended March 31, . . . $ 9,969,000 $10,831,000 Dividends declared on common stock: Class A -- $0.2275 and $0.2075 per share . . (1,663,000) (1,519,000) Class B -- $0.23 and $0.21 per share . . . . (3,127,000) (2,879,000) Totals (4,790,000) (4,398,000) Undistributed Earnings . . . . . . . . . . . . $ 5,179,000 $ 6,433,000 Average number of shares outstanding . . . . . 20,905,962 21,040,406 Undistributed earnings divided by average number of shares outstanding . . . . . . . . . . . . $.2477 $.3057 Class A Class B Class A Class B Undistributed earnings per share . . . . . . . $ .2477 $ .2477 $ .3057 $ .3057 Assumed distribution of earnings . . . . . . . .2275 .2300 .2075 .2100 Earnings per share . . . . . . . . . . . . . $ .4752 $ .4777 $ .5132 $ .5157 Rounded. . . . . . . . . . . . . . . . . . . $ .47 $ .48 $ .51 $ .52 KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE NINE MONTHS ENDED MARCH 31, (UNAUDITED) 1996 1995 Net income, nine months ended March 31,. . . . $ 30,678,000 $30,914,000 Dividends declared on common stock: Class A -- $0.6825 and $0.6225 per share . . (4,987,000) (4,564,000) Class B -- $0.69 and $0.63 per share . . . . (9,395,000) (8,663,000) Totals (14,382,000) (13,227,000) Undistributed Earnings . . . . . . . . . . . . $ 16,296,000 $17,687,000 Average number of shares outstanding . . . . . 20,929,633 21,093,203 Undistributed earnings divided by average number of shares outstanding . . . . . . . . . . . . $.7786 $.8385 Class A Class B Class A Class B Undistributed earnings per share . . . . . . . $ .7786 $ .7786 $ .8385 $ .8385 Assumed distribution of earnings . . . . . . . .6825 .6900 .6225 .6300 Earnings per share . . . . . . . . . . . . . $ 1.4611 $1.4686 $1.4610 $1.4685 Rounded. . . . . . . . . . . . . . . . . . . $ 1.46 $ 1.47 $ 1.46 $ 1.47 PartI-Exhibit(11)