EX-11.1 2 odcex11107312013.htm COMPUTATION OF NET INCOME PER SHARE ODC Ex. 11.1 07.31.2013

EXHIBIT 11.1:
OIL-DRI CORPORATION OF AMERICA
Computation of Net Income Per Share
(in thousands except for per share amounts)



 
Year Ended July 31,
 
2013
 
2012
 
2011
Net income available to stockholders
$
14,586

 
$
6,098

 
$
9,051

Less: Distributed and undistributed earnings allocated to nonvested stock
(216
)
 
(92
)
 
(123
)
Earnings available to common shareholders
$
14,370

 
$
6,006

 
$
8,928

 
 
 
 
 
 
Shares Calculation
 
 
 
 
 
 
 
 
 
 
 
Average shares outstanding - Basic Common
4,909

 
5,063

 
5,083

Average shares outstanding - Basic Class B Common
1,970

 
1,934

 
1,908

Potential Common Stock relating to stock options
48

 
65

 
112

Average shares outstanding - Assuming dilution
6,927

 
7,062

 
7,103

 
 
 
 
 
 
Net Income Per Share: Basic Common
$
2.25

 
$
0.92

 
$
1.36

Net Income Per Share: Basic Class B Common
$
1.69

 
$
0.70

 
$
1.06

Net Income Per Share: Diluted
$
2.07

 
$
0.85

 
$
1.26