EX-11 2 exhibit11.htm COMPUTATION OF EARNINGS PER SHARE Exhibit 11

Exhibit 11

KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE


    (Unaudited)   (Unaudited)  
    Three Months Ended   Three Months Ended  
    December 31, 2000   December 31, 1999  
    
  
 
(Amounts in Thousands, Except per Share Data) Class A Class B Total Class A Class B Total
Basic Earnings Per Share:
  Dividends declared $ 2,194 $ 4,017 $ 6,211 $ 2,216 $ 4,186 $ 6,402
  Undistributed earnings 2,220 3,940 6,160 2,063 3,762 5,825
 





  Net Income $ 4,414 $ 7,957 $12,371 $ 4,279 $ 7,948 $12,227
             
  Average Basic Shares Outstanding 14,149 25,110 39,259 14,302 26,075 40,377
             
  Basic Earnings Per Share $ 0.31 $ 0.32   $ 0.30 $ 0.30  
             
Diluted Earnings Per Share:
  Dividends declared and assumed
       dividends on dilutive shares

$ 2,194

$ 4,027

$ 6,221

$ 2,216

$ 4,206

$ 6,422
  Undistributed earnings 2,213 3,937 6,150 2,050 3,755 5,805
 





  Net Income $ 4,407 $ 7,964 $12,371 $ 4,266 $ 7,961 $12,227
             
  Average Diluted Shares Outstanding 14,149 25,174 39,323 14,302 26,197 40,499
             
  Diluted Earnings Per Share $ 0.31 $ 0.32   $ 0.30 $ 0.30  

 


Included in the diluted earnings per share computation are 64,000 and 122,000 average shares of Class B common stock representing the dilutive effect of stock options and contingently issuable performance share grants for the three months ended December 31, 2000 and 1999, respectively. Also included in the diluted earnings per share computation are $10,000 and $20,000 of Class B assumed dividends payable on those dilutive shares for the three months ended December 31, 2000 and 1999 respectively. A corresponding reduction of undistributed earnings has been allocated evenly over Class A and Class B shares. Antidilutive stock options amounting to 2,165,000 out of 2,463,000 average shares outstanding were excluded from the dilutive calculation for the current year period and 1,507,000 out of 2,145,000 average shares outstanding were excluded from the dilutive calculation for the prior year period.


KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE


    (Unaudited)   (Unaudited)  
    Six Months Ended   Six Months Ended  
    December 31, 2000   December 31, 1999  
    
  
 
(Amounts in Thousands, Except per Share Data) Class A Class B Total Class A Class B Total
Basic Earnings Per Share:
  Dividends declared $ 4,387 $ 8,037 $ 12,424 $ 4,435 $ 8,357 $12,792
  Undistributed earnings 3,890 6,901 10,791 3,897 7,097 10,994
 





  Net Income $ 8,277 $14,938 $23,215 $ 8,332 $ 15,454 $23,786
             
  Average Basic Shares Outstanding 14,155 25,110 39,265 14,312 26,063 40,375
             
  Basic Earnings Per Share $ 0.58 $ 0.59   $ 0.58 $ 0.59  
             
Diluted Earnings Per Share:
  Dividends declared and assumed
       dividends on dilutive shares

$ 4,387

$ 8,062

$12,449

$ 4,435

$ 8,412

$12,847
  Undistributed earnings 3,873 6,893 10,766 3,861 7,078 10,939
 





  Net Income $ 8,260 $14,955 $23,215 $ 8,296 $15,490 $23,786
             
  Average Diluted Shares Outstanding 14,155 25,187 39,342 14,312 26,236 40,548
             
  Diluted Earnings Per Share $ 0.58 $ 0.59   $ 0.58 $ 0.59  

Included in the diluted earnings per share computation are 77,000 and 173,000 average shares of Class B common stock representing the dilutive effect of stock options and contingently issuable performance share grants for the six months ended December 31, 2000 and 1999, respectively. Also included in the diluted earnings per share computation are $25,000 and $55,000 of Class B assumed dividends payable on those dilutive shares for the six months ended December 31, 2000 and 1999 respectively. A corresponding reduction of undistributed earnings has been allocated evenly over Class A and Class B shares. Antidilutive stock options amounting to 1,907,000 out of 2,288,000 average shares outstanding were excluded from the dilutive calculation for the current year period and 1,355,000 out of 2,052,000 average shares outstanding were excluded from the dilutive calculation for the prior year period.