KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED DECEMBER 31, 1997
(UNAUDITED)
Available Average Earnings Per Share
Income Shares Class A Class B
----------- ---------- ------- -------
Net income, three months ended 12/31/97. . . . $15,485,000
Distributed earnings:
Class A dividends declared . . . . . . . . . (2,092,000) $ .145
Class B dividends declared . . . . . . . . . (4,067,000) $ .150
Undistributed basic earnings . . . . . . . . . $ 9,326,000 41,523,445 .225 .225
Basic Earnings Per Share . . . . . . . . . . . $ .370 $ .375
Basic Earnings Per Share (rounded) . . . . . . $ .37 $ .38
Dilutive effect of stock options . . . . . . . (306,000) 406,846
Undistributed diluted earnings . . . . . . . . $ 9,020,000 41,930,291 .215 .215
Diluted Earnings Per Share . . . . . . . . . . $ .360 $ .365
Diluted Earnings Per Share (rounded) . . . . . $ .36 $ .37
586,000 of the 1,825,000 average outstanding stock options were antidulitive, and were excluded from the
dilutive computation for this period. Use of the treasury stock buy-back method
reduces the dilutive effect of stock options.
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED DECEMBER 31, 1996
(UNAUDITED)
Available Average Earnings Per Share
Income Shares Class A Class B
--------- ----------- ------- --------
Net income, three months ended 12/31/96. . . . $14,621,000
Distributed earnings:
Class A dividends declared . . . . . . . . . (1,868,000) $ .12875
Class B dividends declared . . . . . . . . . (3,496,000) $ .13000
Undistributed basic earnings . . . . . . . . . $ 9,257,000 41,413,500 .22353 .22353
Basic Earnings Per Share . . . . . . . . . . . $ .35228 $ .35353
Basic Earnings Per Share (rounded) . . . . . . $ .35 $ .35
Dilutive effect of stock options . . . . . . . (46,000) 352,815
Undistributed diluted earnings . . . . . . . . $ 9,211,000 41,766,315 .22054 .22054
Diluted Earnings Per Share . . . . . . . . . . $ .34929 $ .35054
Diluted Earnings Per Share (rounded) . . . . . $ .35 $ .35
254,000 of the 1,462,000 average outstanding stock options were antidulitive, and were excluded from the
dilutive computation for this period. Use of the treasury stock buy-back method reduces the dilutive effect
of stock options.
Exhibit(11)
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
SIX MONTHS ENDED DECEMBER 31, 1997
(UNAUDITED)
Available Average Earnings Per Share
Income Shares Class A Class B
--------- ----------- ------- --------
Net income, six months ended 12/31/97. . . . . $28,514,000
Distributed earnings:
Class A dividends declared . . . . . . . . . (4,166,000) $ .28875
Class B dividends declared . . . . . . . . . (7,992,000) $ .29500
Undistributed basic earnings . . . . . . . . . $16,356,000 41,498,745 .39413 .39413
Basic Earnings Per Share . . . . . . . . . . . $ .68288 $ .68913
Basic Earnings Per Share (rounded) . . . . . . $ .68 $ .69
Dilutive effect of stock options . . . . . . . (224,000) 443,736
Undistributed diluted earnings . . . . . . . . $16,132,000 41,942,481 .38462 .38462
Diluted Earnings Per Share . . . . . . . . . . $ .67337 $ .67962
Diluted Earnings Per Share (rounded) . . . . . $ .67 $ .68
318,000 of the 1,675,000 average outstanding stock options were antidulitive,
and were excluded from the dilutive computation for this period. Use of the
treasury stock buy-back method reduces the dilutive effect of stock options.
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
SIX MONTHS ENDED DECEMBER 31, 1996
(UNAUDITED)
Available Average Earnings Per Share
Income Shares Class A Class B
--------- ----------- ------- --------
Net income, six months ended 12/31/96. . . . . $28,142,000
Distributed earnings:
Class A dividends declared . . . . . . . . . (3,741,000) $ .2575
Class B dividends declared . . . . . . . . . (7,010,000) $ .2600
Undistributed basic earnings . . . . . . . . . $17,391,000 41,501,996 .4190 .4190
Basic Earnings Per Share . . . . . . . . . . . $ .6765 $ .6790
Basic Earnings Per Share (rounded) . . . . . . $ .68 $ .68
Dilutive effect of stock options . . . . . . . (67,000) 257,222
Undistributed diluted earnings . . . . . . . . $17,324,000 41,759,218 .4149 .4149
Diluted Earnings Per Share . . . . . . . . . . $ .6724 $ .6749
Diluted Earnings Per Share (rounded) . . . . . $ .67 $ .67
231,000 of the 1,341,000 average outstanding stock options were antidulitive, and were excluded from the
dilutive computation for this period. Use of the treasury stock buy-back method
reduces the dilutive effect of stock options.
Exhibit(11)