EX-11 2 odcex1104302012.htm COMPUTATION OF EARNINGS PER SHARE ODC Ex 11 04.30.2012


Exhibit 11:


OIL-DRI CORPORATION OF AMERICA AND SUBSIDIARIES
Computation of Earnings Per Share
(in thousands, except per share amounts)


 
For the Three Months Ended April 30,
 
For the Nine Months Ended April 30,
 
2012
2011
 
2012
2011
Net income available to stockholders
$
1,892

$
1,860

 
$
6,206

$
6,156

Less: Distributed and undistributed earnings allocated to nonvested stock
(27
)
(29
)
 
(89
)
(80
)
Earnings available to common shareholders
$
1,865

$
1,831

 
$
6,117

$
6,076

Shares Calculation


 


Average shares outstanding - Basic Common
5,115

5,069

 
5,118

5,079

Average shares outstanding - Basic Class B Common
1,938

1,914

 
1,932

1,906

Potential Common Stock relating to stock options
64

93

 
66

120

Average shares outstanding - Assuming dilution
7,117

7,076

 
7,116

7,105

Net Income Per Share: Basic Common
$
0.28

$
0.28

 
$
0.93

$
0.93

Net Income Per Share: Basic Class B Common
$
0.21

$
0.22

 
$
0.70

$
0.72

Net Income Per Share: Diluted
$
0.26

$
0.26

 
$
0.86

$
0.86



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