EX-11 2 a10qexhibit11eps12312012q2.htm KIMBALL INTERNATIONAL, INC. EXHIBIT 11 10Q.Exhibit 11 EPS 12.31.2012 Q2


Exhibit 11
KIMBALL INTERNATIONAL, INC.
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
Three Months Ended
 
Three Months Ended
(Amounts in Thousands, Except for Per Share Data)
December 31, 2012
 
December 31, 2011
 
Class A
 
Class B
 
Total
 
Class A
 
Class B
 
Total
Basic Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared
$
374

 
$
1,489

 
$
1,863

 
$
468

 
$
1,375

 
$
1,843

Undistributed Earnings
506

 
1,810

 
2,316

 
372

 
982

 
1,354

Net Income
$
880

 
$
3,299

 
$
4,179

 
$
840

 
$
2,357

 
$
3,197

Average Basic Shares Outstanding
8,320

 
29,757

 
38,077

 
10,417

 
27,474

 
37,891

Basic Earnings Per Share
$
0.11

 
$
0.11

 
 
 
$
0.08

 
$
0.09

 
 
Diluted Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared and Assumed Dividends on Dilutive Shares
$
384

 
$
1,489

 
$
1,873

 
$
472

 
$
1,375

 
$
1,847

Undistributed Earnings
514

 
1,792

 
2,306

 
373

 
977

 
1,350

Net Income
$
898

 
$
3,281

 
$
4,179

 
$
845

 
$
2,352

 
$
3,197

Average Diluted Shares Outstanding
8,538

 
29,757

 
38,295

 
10,505

 
27,474

 
37,979

Diluted Earnings Per Share
$
0.11

 
$
0.11

 
 
 
$
0.08

 
$
0.09

 
 
Reconciliation of Basic and Diluted EPS Calculations:
 
 
 
 
 
 
 
 
 
 
 
Net Income Used for Basic EPS Calculation
$
880

 
$
3,299

 
$
4,179

 
$
840

 
$
2,357

 
$
3,197

Assumed Dividends Payable on Dilutive Performance Shares
10

 
—

 
10

 
4

 
—

 
4

Increase (Reduction) in Undistributed Earnings - allocated based on Class A and Class B shares
8

 
(18
)
 
(10
)
 
1

 
(5
)
 
(4
)
Net Income Used for Diluted EPS Calculation
$
898

 
$
3,281

 
$
4,179

 
$
845

 
$
2,352

 
$
3,197

Average Shares Outstanding for Basic EPS Calculation
8,320

 
29,757

 
38,077

 
10,417

 
27,474

 
37,891

Dilutive Effect of Average Outstanding Performance Shares
218

 
—

 
218

 
88

 
—

 
88

Average Shares Outstanding for Diluted EPS Calculation
8,538

 
29,757

 
38,295

 
10,505

 
27,474

 
37,979


All of the 235,000 and 480,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the quarters ended December 31, 2012 and 2011, respectively.




(Unaudited)
Six Months Ended
 
Six Months Ended
(Amounts in Thousands, Except for Per Share Data)
December 31, 2012
 
December 31, 2011
 
Class A
 
Class B
 
Total
 
Class A
 
Class B
 
Total
Basic Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared
$
758

 
$
2,966

 
$
3,724

 
$
938

 
$
2,747

 
$
3,685

Undistributed Earnings (Loss)
1,275

 
4,141

 
5,416

 
(174
)
 
(460
)
 
(634
)
Net Income
$
2,033

 
$
7,107

 
$
9,140

 
$
764

 
$
2,287

 
$
3,051

Average Basic Shares Outstanding
8,954

 
29,093

 
38,047

 
10,409

 
27,454

 
37,863

Basic Earnings Per Share
$
0.23

 
$
0.24

 
 
 
$
0.07

 
$
0.08

 
 
Diluted Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared and Assumed Dividends on Dilutive Shares
$
795

 
$
2,966

 
$
3,761

 
$
948

 
$
2,747

 
$
3,695

Undistributed Earnings (Loss)
1,311

 
4,068

 
5,379

 
(178
)
 
(466
)
 
(644
)
Net Income
$
2,106

 
$
7,034

 
$
9,140

 
$
770

 
$
2,281

 
$
3,051

Average Diluted Shares Outstanding
9,376

 
29,093

 
38,469

 
10,519

 
27,454

 
37,973

Diluted Earnings Per Share
$
0.22

 
$
0.24

 
 
 
$
0.07

 
$
0.08

 
 
Reconciliation of Basic and Diluted EPS Calculations:
 
 
 
 
 
 
 
 
 
 
 
Net Income Used for Basic EPS Calculation
$
2,033

 
$
7,107

 
$
9,140

 
$
764

 
$
2,287

 
$
3,051

Assumed Dividends Payable on Dilutive Performance Shares
37

 
—

 
37

 
10

 
—

 
10

Increase (Reduction) in Undistributed Earnings (Loss) - allocated based on Class A and Class B shares
36

 
(73
)
 
(37
)
 
(4
)
 
(6
)
 
(10
)
Net Income Used for Diluted EPS Calculation
$
2,106

 
$
7,034

 
$
9,140

 
$
770

 
$
2,281

 
$
3,051

Average Shares Outstanding for Basic EPS Calculation
8,954

 
29,093

 
38,047

 
10,409

 
27,454

 
37,863

Dilutive Effect of Average Outstanding Performance Shares
422

 
—

 
422

 
110

 
—

 
110

Average Shares Outstanding for Diluted EPS Calculation
9,376

 
29,093

 
38,469

 
10,519

 
27,454

 
37,973

 
 
 
 
 
 
 
 
 
 
 
 

All of the 316,000 and 527,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the six months ended December 31, 2012 and 2011, respectively.