EX-11.1 3 odcex11107312019.htm EXHIBIT 11.1 COMPUTATION OF NET INCOME PER SHARE Exhibit
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,
 
2019
 
2018
Net income available to stockholders
$
12,611

 
$
8,240

Less: Distributed and undistributed earnings allocated to nonvested restricted stock
(490
)
 
(193
)
Earnings available to common shareholders
$
12,121

 
$
8,047

 
 
 
 
Shares Calculation
 
 
 
 
 
 
 
Average shares outstanding - Basic Common
5,112

 
5,036

Average shares outstanding - Basic Class B Common
2,068

 
2,097

Potential Common Stock relating to stock options and non-vested restricted stock
71

 
89

Average shares outstanding - Assuming dilution
7,251

 
7,222

 
 
 
 
Net Income Per Share: Basic Common
$
1.82

 
$
1.22

Net Income Per Share: Basic Class B Common
$
1.36

 
$
0.91

Net Income Per Share: Diluted Common
$
1.67

 
$
1.11