EX-11 2 a93019ex11.htm EXHIBIT 11 Exhibit

Exhibit 11


 
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three and Nine Months Ended September 30, 2019 and 2018
($ in thousands, except per share data)
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2019
 
2018
 
2019
 
2018
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
25,454

 
$
12,528

 
$
151,442

 
$
38,600

Weighted average number of common
shares during the period (in thousands)
 
41,785

 
41,683

 
41,715

 
41,586

 
 
 
 
 
 
 
 
 
Net income per share – basic
 
$
0.61

 
$
0.30

 
$
3.63

 
$
0.93

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
25,454

 
$
12,528

 
$
151,442

 
$
38,600

Weighted average number of common
shares during the period
 
41,785

 
41,683

 
41,715

 
41,586

Weighted average number of common equivalent
shares to reflect the dilutive effect of common
stock equivalent securities:
 
 
 
 
 
 
 
 
Stock options
 
100

 
116

 
80

 
108

Common stock units related to deferred
compensation for employees
 

 
25

 

 
25

Restricted common stock units related
to incentive compensation
 
145

 
26

 
116

 
8

Total common and common equivalent shares
adjusted to calculate diluted earnings per share
 
42,030

 
41,850

 
41,911

 
41,727

 
 
 
 
 
 
 
 
 
Net income per share – diluted
 
$
0.60

 
$
0.30

 
$
3.61

 
$
0.93