EX-11 3 v142330_ex11.htm
Exhibit 11:

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

   
Six months Ended
January 31
 
    
2009
   
2008
 
                 
Net income available to stockholders (numerator)
  $ 4,618     $ 4,573  
                 
Shares Calculation (denominator)
               
                 
Average shares outstanding – Basic Common
      5,129         5,033  
                 
Average shares outstanding – Basic Class B Common
      1,868         1,846  
                 
Effect of Dilutive Securities:
               
                 
Potential Common Stock relating  to stock options
     248        317  
                 
Average shares outstanding – Assuming dilution
       7,245          7,196  
                 
Net Income Per Share:  Basic Common
  $  0.70     $  0.70  
                 
Net Income Per Share:  Basic Class B Common
  $ 0.56     $ 0.57  
                 
Diluted
  $ 0.64     $ 0.64  
 
 
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