EX-11 2 odcex114302014.htm COMPUTATION OF EARNINGS PER SHARE ODC Ex 11 4.30.2014


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,
 
2014
2013
 
2014
2013
Net income available to stockholders
$
722

$
3,251

 
$
7,890

$
9,849

Less: Distributed and undistributed earnings allocated to non-vested stock
(11
)
(47
)
 
(119
)
(144
)
Earnings available to common shareholders
$
711

$
3,204

 
$
7,771

$
9,705

Shares Calculation
 
 
 
 
 
Average shares outstanding - Basic Common
4,987

4,923

 
4,974

4,899

Average shares outstanding - Basic Class B Common
2,004

1,980

 
2,000

1,966

Potential Common Stock relating to stock options
22

35

 
24

51

Average shares outstanding - Assuming dilution
7,013

6,938

 
6,998

6,916

Net Income Per Share: Basic Common
$
0.11

$
0.50

 
$
1.20

$
1.52

Net Income Per Share: Basic Class B Common
$
0.08

$
0.37

 
$
0.90

$
1.14

Net Income Per Share: Diluted
$
0.10

$
0.46

 
$
1.11

$
1.40



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