EX-11 3 q022ex11.htm COMPUTATION OF EARNING PER SHARE Exhibit 11

Exhibit 11

KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

    (Unaudited)   (Unaudited)
    Three Months Ended   Three Months Ended
    December 31, 2001   December 31, 2000
    
  
(Amounts in Thousands, Except per Share Data) Class A Class B Total Class A Class B Total
Basic Earnings Per Share:
  Dividends declared $2,176 $3,842 $6,018 $2,194 $4,017 $  6,211
  Undistributed earnings 195 334 529 2,220 3,940 6,160
 





  Net Income $2,371 $4,176 $6,547 $4,414 $7,957 $12,371
             
  Average Basic Shares Outstanding 14,042 24,007 38,049 14,149 25,110 39,259
             
  Basic Earnings Per Share $0.17 $0.17   $0.31 $0.32  
             
Diluted Earnings Per Share:
  Dividends declared and assumed
       dividends on dilutive shares
$ 2,176 $3,845 $6,021 $2,194 $4,027 $  6,221
  Undistributed earnings 194 332 526 2,213 3,937 6,150
 





  Net Income $2,370 $4,177 $6,547 $4,407 $7,964 $12,371
             
  Average Diluted Shares Outstanding 14,042 24,029 38,071 14,149 25,174 39,323
             
  Diluted Earnings Per Share $0.17 $0.17   $0.31 $0.32  
             
Included in the diluted earnings per share computation are 22,000 and 64,000 average shares of Class B common stock representing the dilutive effect of stock options and contingently issuable performance share grants for the three months ended December 31, 2001 and 2000, respectively. Also included in the diluted earnings per share computation are $3,000 and $10,000 of Class B assumed dividends payable on those dilutive shares for the three months ended December 31, 2001 and 2000, respectively. A corresponding reduction of undistributed earnings has been allocated evenly over Class A and Class B shares. For the current year period, all 3,073,000 stock options outstanding were antidilutive and were excluded from the dilutive calculation. For the prior year period, 2,165,000 out of 2,463,000 average shares outstanding were excluded from the dilutive calculation.
           
    (Unaudited)   (Unaudited)
    Six Months Ended   Six Months Ended
    December 31, 2001   December 31, 2000
    
  
(Amounts in Thousands, Except per Share Data) Class A Class B Total Class A Class B Total
Basic Earnings Per Share:
  Dividends declared $4,353  $7,680  $12,033  $4,387 $8,037 $12,424
  Undistributed earnings (220) (377) (597) 3,890 6,901 10,791
 





  Net Income $4,133  $7,303  $11,436  $8,277 $14,938 $23,215
             
  Average Basic Shares Outstanding 14,047  23,993  38,040  14,155 25,110 39,265
             
  Basic Earnings Per Share $0.29  $0.30    $0.58 $0.59  
             
Diluted Earnings Per Share:
  Dividends declared and assumed
       dividends on dilutive shares
$4,353  $7,688  $12,041  $4,387 $8,062 $12,449
  Undistributed earnings (223) (382) (605) 3,873 6,893 10,766
 





  Net Income $4,130  $7,306  $11,436  $8,260 $14,955 $23,215
             
  Average Diluted Shares Outstanding 14,047  24,016  38,063  14,155 25,187 39,342
             
  Diluted Earnings Per Share $0.29  $0.30    $0.58 $0.59  
             
Included in the diluted earnings per share computation are 23,000 and 77,000 average shares of Class B common stock representing the dilutive effect of stock options and contingently issuable performance share grants for the six months ended December 31, 2001 and 2000, respectively. Also included in the diluted earnings per share computation are $8,000 and $25,000 of Class B assumed dividends payable on those dilutive shares for the six months ended December 31, 2001 and 2000, respectively. A corresponding reduction of undistributed earnings has been allocated evenly over Class A and Class B shares. Antidilutive stock options amounting to 2,716,000 out of 2,773,000 average shares outstanding were excluded from the dilutive calculation for the current year period and 1,907,000 out of 2,288,000 average shares outstanding were excluded from the dilutive calculation for the prior year period.