EX-11 2 odcex1101312017.htm COMPUTATION OF EARNINGS PER SHARE Exhibit


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 January 31,
 
For the Six Months Ended January 31,
 
2017
2016
 
2017
2016
Net income available to stockholders
$
4,250

$
3,821

 
$
6,259

$
9,244

Less: Distributed and undistributed earnings allocated
 to non-vested restricted stock
(100
)
(90
)
 
(145
)
(185
)
Earnings available to common shareholders
$
4,150

$
3,731

 
$
6,114

$
9,059

Shares Calculation
 
 
 
 
 
Average shares outstanding - Basic Common
5,019

4,982

 
5,011

4,978

Average shares outstanding - Basic Class B Common
2,088

2,055

 
2,077

2,046

Potential Common Stock relating to stock options and
 non-vested restricted stock
48

59

 
57

50

Average shares outstanding - Assuming dilution
7,155

7,096

 
7,145

7,074

Net Income Per Share: Basic Common
$
0.63

$
0.57

 
$
0.93

$
1.39

Net Income Per Share: Basic Class B Common
$
0.47

$
0.43

 
$
0.70

$
1.04

Net Income Per Share: Diluted Common
$
0.58

$
0.53

 
$
0.86

$
1.28




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