EX-11 3 odcex111312020.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,
 
2020
2019
 
2020
2019
Net income available to stockholders
$
4,830

$
2,287

 
$
8,366

$
3,193

Less: Distributed and undistributed earnings allocated
 to non-vested restricted stock
(240
)
(92
)
 
(421
)
(133
)
Earnings available to common shareholders
$
4,590

$
2,195

 
$
7,945

$
3,060

Shares Calculation
 
 
 
 
 
Average shares outstanding - Basic Common
5,181

5,121

 
5,164

5,099

Average shares outstanding - Basic Class B Common
2,039

2,068

 
2,045

2,069

Potential Common Stock relating to stock options and
 non-vested restricted stock
124

40

 
112

74

Average shares outstanding - Assuming dilution
7,344

7,229

 
7,321

7,242

Net Income Per Share: Basic Common
$
0.68

$
0.33

 
$
1.19

$
0.46

Net Income Per Share: Basic Class B Common
$
0.51

$
0.25

 
$
0.89

$
0.34

Net Income Per Share: Diluted Common
$
0.63

$
0.30

 
$
1.09

$
0.42




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