KIMBALL INTERNATIONAL, INC. COMPUTATION OF EARNINGS PER SHARE THREE MONTHS ENDED MARCH 31, (UNAUDITED) 1997 1996 ----------------------------- -------------------------- Net income, three months ended March 31,. . . $14,521,000 $ 9,969,000 Dividends declared on common stock: Class A -- $0.2575 and $0.2275 per share . . (1,865,000) (1,663,000) Class B -- $0.26 and $0.23 per share . . . . (3,498,000) (3,127,000) (5,363,000) (4,790,000) Undistributed Earnings . . . . . . . . . . . . $ 9,158,000 $ 5,179,000 Average number of shares outstanding . . . . . 20,696,470 20,905,962 Undistributed earnings divided by average number of shares outstanding . . . . . . . . . . . . $.4425 $.2477 Class A Class B Class A Class B Undistributed earnings per share . . . . . . . $.4425 $.4425 $.2477 $.2477 Assumed distribution of earnings . . . . . . . .2575 .2600 .2275 .2300 Earnings per share . . . . . . . . . . . . . $.7000 $.7025 $.4752 $.4777 Rounded. . . . . . . . . . . . . . . . . . . $ .69 $ .70 $ .47 $ .48 KIMBALL INTERNATIONAL, INC. COMPUTATION OF EARNINGS PER SHARE NINE MONTHS ENDED MARCH 31, (UNAUDITED) 1997 1996 ----------------------------- -------------------------- Net income, nine months ended March 31,. . . . $42,663,000 $30,678,000 Dividends declared on common stock: Class A -- $0.7725 and $0.6825 per share . . (5,606,000) (4,987,000) Class B -- $0.78 and $0.69 per share . . . . (10,508,000) (9,395,000) (16,114,000) (14,382,000) Undistributed Earnings . . . . . . . . . . . . $26,549,000 $16,296,000 Average number of shares outstanding . . . . . 20,732,822 20,929,633 Undistributed earnings divided by average number of shares outstanding . . . . . . . . . . . . $1.2805 $.7786 Class A Class B Class A Class B Undistributed earnings per share . . . . . . . $1.2805 $1.2805 $ .7786 $ .7786 Assumed distribution of earnings . . . . . . . .7725 .7800 .6825 .6900 Earnings per share . . . . . . . . . . . . . $2.0530 $2.0605 $1.4611 $1.4686 Rounded. . . . . . . . . . . . . . . . . . . $ 2.05 $ 2.06 $ 1.46 $ 1.47 Exhibit(11)