EX-11 3 a63019ex11.htm EXHIBIT 11 Exhibit

Exhibit 11


 
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three and Six Months Ended June 30, 2019 and 2018
($ in thousands, except per share data)
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
93,822

 
$
5,917

 
$
125,988

 
$
26,072

Weighted average number of common
shares during the period (in thousands)
 
41,762

 
41,600

 
41,685

 
41,531

 
 
 
 
 
 
 
 
 
Net income per share – basic
 
$
2.25

 
$
0.14

 
$
3.02

 
$
0.63

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
93,822

 
$
5,917

 
$
125,988

 
$
26,072

Weighted average number of common
shares during the period
 
41,762

 
41,600

 
41,685

 
41,531

Weighted average number of common equivalent
shares to reflect the dilutive effect of common
stock equivalent securities:
 
 
 
 
 
 
 
 
Stock options
 
61

 
115

 
64

 
109

Common stock units related to deferred
compensation for employees
 
—

 
25

 
—

 
25

Restricted common stock units related
to incentive compensation
 
98

 
(5
)
 
102

 
(6
)
Total common and common equivalent shares
adjusted to calculate diluted earnings per share
 
41,921

 
41,735

 
41,851

 
41,659

 
 
 
 
 
 
 
 
 
Net income per share – diluted
 
$
2.24

 
$
0.14

 
$
3.01

 
$
0.63