EX-11 2 v116565_ex11.htm

Exhibit 11:

 OIL-DRI CORPORATION OF AMERICA AND SUBSIDIARIES
Computation of Earnings Per Share
(in thousands except for per share amounts)

   
Nine months Ended
April 30
  
   
2008
  
2007
  
               
Net income available to stockholders (numerator)
  
$
6,586
  
$
5,609
  
               
Shares Calculation (denominator)
              
               
Average shares outstanding - Basic Common
    
5,052
    
4,882
  
               
Average shares outstanding - Basic Class B Common
    
1,852
    
1,814
  
               
Effect of Dilutive Securities:
              
               
Potential Common Stock relating to stock options
    
302
    
284
  
               
Average shares outstanding - Assuming dilution
    
7,206
    
6,980
  
               
Net Income Per Share: Basic Common
  
$
1.01
  
$
0.90
  
Net Income Per Share: Basic Class B Common
  
$
0.81
  
$
0.66
  
               
Diluted
  
$
0.91
  
$
0.80