EX-11 4 odcex1104302022.htm EX-11 COMPUTATION OF EARNINGS PER SHARE Document

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,
2022202120222021
Net (losses) income available to stockholders$(2,109)$2,227 $478 $10,510 
Less: Distributed and undistributed earnings (losses) allocated
 to non-vested restricted stock
67 (99)(54)(495)
(Losses) Earnings available to common shareholders$(2,042)$2,128 $424 $10,015 
Shares Calculation
Average shares outstanding - Basic Common4,932 5,133 5,042 5,144 
Average shares outstanding - Basic Class B Common1,939 1,925 1,933 1,928 
Potential Common Stock - Basic Common - relating to non-vested restricted stock1
 109 111 112 
Potential Common Stock - Basic Class B Common - relating to non-vested restricted stock1
 40 30 41 
Average shares outstanding - Assuming dilution6,871 7,207 7,116 7,225 
Net (Loss) Income Per Share: Basic Common$(0.32)$0.32 $0.06 $1.52 
Net (Loss) Income Per Share: Basic Class B Common$(0.24)$0.24 $0.05 $1.14 
Net (Loss) Income Per Share: Diluted Common$(0.32)$0.32 $0.06 $1.49 
Net (Loss) Income Per Share: Diluted Class B Common$(0.24)$0.24 $0.05 $1.11 
1 The effect of certain potential common stock equivalents were excluded from the computation of average diluted shares outstanding for the three months ended April 30, 2022 as inclusion would have been anti-dilutive. A summary of these average anti-dilutive potential common share equivalents is provided in the table below:
For the Three Months Ended April 30,
2022
Potential Common Stock - Basic Common - relating to non-vested restricted stock101
Potential Common Stock - Basic Class B Common - relating to non-vested restricted stock19
1