EX-11 2 od9252ex11.htm EXHIBIT 11

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

 

 

 

 

 

 

2007

 

2006

 

 

 

 

 

Net income available to stockholders (numerator)

 

$

3,610

 

$

2,895

 

 

 

 

 

Shares Calculation (denominator)

 

 

 

 

 

 

 

Average shares outstanding – Basic Common

 

 

4,861

 

 

5,005

 

Average shares outstanding – Basic Class B Common

 

 

1,810

 

 

1,823

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

Potential Common Stock relating to stock options

 

 

281

 

 

435

 

 

 

 

 

Average shares outstanding – Assuming dilution

 

 

6,952

 

 

7,263

 

 

 

 

 

Net Income Per Share:

 

 

 

 

 

 

 

Basic Common

 

$

0.58

 

$

0.46

 

 

 

 

 

Net Income Per Share:

 

 

 

 

 

 

 

Basic Class B Common

 

$

0.43

 

$

0.34

 

 

 

 

 

Diluted

 

$

0.52

 

$

0.40