EX-11 3 q091ex11.htm KIMBALL INTERNATIONAL, INC. EXHIBIT 11 Exhibit 11

Exhibit 11

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

EARNINGS PER SHARE FROM CONTINUING OPERATIONS
  (Unaudited)
Three Months Ended
September 30, 2008		   (Unaudited)
Three Months Ended
September 30, 2007
(Amounts in Thousands, Except for Per Share Data) Class A   Class B   Total   Class A   Class B   Total
Basic Earnings Per Share from Continuing Operations:                
    Dividends Declared  $  1,879     $  4,072     $  5,951     $  1,880     $  4,053     $  5,933 
    Undistributed Earnings (Loss)  (1,192)    (2,575)    (3,767)    196     433     629 
    Income from Continuing Operations  $     687     $  1,497     $  2,184     $  2,076     $  4,486     $  6,562 
    Average Basic Shares Outstanding  11,714     25,300     37,014     11,699     25,933     37,632 
    Basic Earnings Per Share from
      Continuing Operations		  $   0.06     $   0.06         $   0.18     $   0.17     
Diluted Earnings Per Share from Continuing Operations:                
    Dividends Declared and Assumed                      
      Dividends on Dilutive Shares  $  1,887     $  4,073     $  5,960     $  1,911     $  4,055     $  5,966 
    Undistributed Earnings (Loss)  (1,218)    (2,558)    (3,776)    189     407     596 
    Income from Continuing Operations  $     669     $  1,515     $  2,184     $  2,100     $  4,462     $  6,562 
    Average Diluted Shares Outstanding  12,088     25,395     37,483     12,126     26,020     38,146 
    Diluted Earnings Per Share
      from Continuing Operations		  $   0.06     $   0.06         $   0.17     $   0.17     
Reconciliation of Basic and Diluted EPS from                      
Continuing Operations Calculations:                      
    Income from Continuing Operations                      
      Used for Basic EPS Calculation  $     687     $  1,497     $  2,184     $  2,076     $  4,486     $  6,562 
    Assumed Dividends Payable on Dilutive Shares:                    
        Stock options  -0-     -0-     -0-     -0-     -0-     -0- 
        Performance shares  8     1     9     31     2     33 
    Reduction of Undistributed                      
      Earnings (Loss) - allocated based on                      
      Class A and Class B shares  (26)    17     (9)    (7)    (26)    (33)
    Income from Continuing Operations
      Used for Diluted EPS Calculation		  $     669     $  1,515     $  2,184     $  2,100     $  4,462     $  6,562 
    Average Shares Outstanding for Basic
      EPS Calculation		  11,714     25,300     37,014     11,699     25,933     37,632 
    Dilutive Effect of Average Outstanding:                      
        Stock options  -0-     -0-     -0-     -0-     -0-     -0- 
        Performance shares  56     3     59     195     16     211 
        Restricted share units  318     92     410     232     71     303 
    Average Shares Outstanding for Diluted
      EPS Calculation		  12,088     25,395     37,483     12,126     26,020     38,146 
Included in dividends declared for the basic and diluted earnings per share computation are dividends computed and accrued on unvested Class A and Class B restricted share units, which will be paid by a conversion to the equivalent value of common shares after a vesting period.
All of the 765,000 and 808,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the quarters ended September 30, 2008 and 2007, respectively.

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

LOSS PER SHARE FROM DISCONTINUED OPERATIONS
(Unaudited)   (Unaudited)
Three Months Ended   Three Months Ended
September 30, 2008   September 30, 2007
Basic:      
    Class A  $                    0.00     $             (0.01)
    Class B  $                    0.00     $              0.00 
Diluted:      
    Class A  $                    0.00     $              0.00 
    Class B  $                    0.00     $              0.00 


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

EARNINGS PER SHARE (INCLUDING DISCONTINUED OPERATIONS)
  (Unaudited)
Three Months Ended
September 30, 2008		   (Unaudited)
Three Months Ended
September 30, 2007
(Amounts in Thousands, Except for Per Share Data) Class A   Class B   Total   Class A   Class B   Total
Basic Earnings Per Share:                      
    Dividends Declared  $  1,879     $  4,072     $  5,951     $  1,880     $  4,053     $  5,933 
    Undistributed Earnings (Loss)  (1,192)    (2,575)    (3,767)    157     348     505 
    Net Income  $     687     $  1,497     $  2,184     $  2,037     $  4,401     $  6,438 
    Average Basic Shares Outstanding  11,714     25,300     37,014     11,699     25,933     37,632 
    Basic Earnings Per Share  $   0.06     $   0.06         $   0.17     $   0.17     
                     
Diluted Earnings Per Share:                      
    Dividends Declared and Assumed                      
      Dividends on Dilutive Shares  $  1,887     $  4,073     $  5,960     $  1,911     $  4,055     $  5,966 
    Undistributed Earnings (Loss)  (1,218)    (2,558)    (3,776)    150     322     472 
    Net Income  $     669     $  1,515     $  2,184     $  2,061     $  4,377     $  6,438 
    Average Diluted Shares Outstanding  12,088     25,395     37,483     12,126     26,020     38,146 
    Diluted Earnings Per Share  $   0.06     $   0.06         $   0.17     $   0.17     
                     
Included in dividends declared for the basic and diluted earnings per share computation are dividends computed and accrued on unvested Class A and Class B restricted share units, which will be paid by a conversion to the equivalent value of common shares after a vesting period.
All of the 765,000 and 808,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the quarters ended September 30, 2008 and 2007, respectively.