EX-11 2 odcex1110312013.htm COMPUTATION OF EARNINGS PER SHARE ODC Ex 11 10.31.2013


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 October 31,
 
2013
2012
Net income available to stockholders
$
2,887

$
4,452

Less: Distributed and undistributed earnings allocated to non-vested stock
(41
)
(70
)
Earnings available to common shareholders
$
2,846

$
4,382

Shares Calculation
 
 
Average shares outstanding - Basic Common
4,955

4,879

Average shares outstanding - Basic Class B Common
1,992

1,943

Potential Common Stock relating to stock options
26

57

Average shares outstanding - Assuming dilution
6,973

6,879

Net Income Per Share: Basic Common
$
0.44

$
0.69

Net Income Per Share: Basic Class B Common
$
0.33

$
0.52

Net Income Per Share: Diluted
$
0.41

$
0.64



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