EX-11 2 odcex1104302018.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 April 30,
 
For the Nine Months Ended April 30,
 
2018
2017
 
2018
2017
Net income available to stockholders
$
3,585

$
3,211

 
$
5,539

$
9,470

Less: Distributed and undistributed earnings allocated
 to non-vested restricted stock
(84
)
(76
)
 
(130
)
(222
)
Earnings available to common shareholders
$
3,501

$
3,135

 
$
5,409

$
9,248

Shares Calculation
 
 
 
 
 
Average shares outstanding - Basic Common
5,037

5,022

 
5,032

5,015

Average shares outstanding - Basic Class B Common
2,102

2,088

 
2,099

2,081

Potential Common Stock relating to stock options and
 non-vested restricted stock
83

54

 
86

55

Average shares outstanding - Assuming dilution
7,222

7,164

 
7,217

7,151

Net Income Per Share: Basic Common
$
0.53

$
0.48

 
$
0.82

$
1.41

Net Income Per Share: Basic Class B Common
$
0.40

$
0.36

 
$
0.62

$
1.06

Net Income Per Share: Diluted Common
$
0.48

$
0.44

 
$
0.75

$
1.29




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