EX-11.1 4 exhibit11-1.htm STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

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
2009        2008        2007
Net income available to stockholders $ 9,586   $ 9,039   $ 7,660
       (numerator)                
Shares Calculation
       (denominator)  
Average shares outstanding –                
       Basic Common   5,146   5,068   4,902
Average shares outstanding –
       Basic Class B Common 1,874 1,854 1,834
Effect of Dilutive Securities:                
Potential Common Stock relating
       To stock options 222 293 292
Average shares outstanding –                
       Assuming dilution   7,242   7,215   7,028
Net Income Per Share:
       Basic Common $       1.44 $       1.38 $       1.22
Net Income Per Share:                
       Basic Class B Common $ 1.17   $ 1.11   $ 0.90
Net Income Per Share:
       Diluted $ 1.32   $ 1.25   $ 1.09

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