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  
    March 31, 2001   March 31, 2000  
    
  
 
(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 $ 4,019 $ 6,213 $ 2,215 $ 4,171 $ 6,386
  Undistributed earnings 263 467 730 1,826 3,339 5,165
 





  Net Income $ 2,457 $ 4,486 $ 6,943 $ 4,041 $ 7,510 $11,551
             
  Average Basic Shares Outstanding 14,152 25,117 39,269 14,292 26,124 40,416
             
  Basic Earnings Per Share $ 0.17 $ 0.18   $ 0.28 $ 0.29  
             
Diluted Earnings Per Share:
  Dividends declared and assumed
       dividends on dilutive shares

$ 2,194

$ 4,026

$ 6,220

$ 2,215

$ 4,181

$ 6,396
  Undistributed earnings 260 463 723 1,820 3,335 5,155
 





  Net Income $ 2,454 $ 4,489 $ 6,943 $ 4,035 $ 7,516 $11,551
             
  Average Diluted Shares Outstanding 14,152 25,162 39,314 14,292 26,184 40,476
             
  Diluted Earnings Per Share $ 0.17 $ 0.18   $ 0.28 $ 0.29  

 


Included in the diluted earnings per share computation are 45,000 and 60,000 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 March 31, 2001 and 2000, respectively. Also included in the diluted earnings per share computation are $7,000 and $10,000 of Class B assumed dividends payable on those dilutive shares for the three months ended March 31, 2001 and 2000, respectively. A corresponding reduction of undistributed earnings has been allocated evenly over Class A and Class B shares. Antidilutive stock options amounting to 2,116,000 out of 2,380,000 average shares outstanding were excluded from the dilutive calculation for the current year period and 1,459,000 out of 2,056,000 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)  
    Nine Months Ended   Nine Months Ended  
    March 31, 2001   March 31, 2000  
    
  
 
(Amounts in Thousands, Except per Share Data) Class A Class B Total Class A Class B Total
Basic Earnings Per Share:
  Dividends declared $ 6,581 $ 12,056 $ 18,637 $ 6,650 $ 12,528 $19,178
  Undistributed earnings 4,153 7,368 11,521 5,724 10,435 16,159
 





  Net Income $10,734 $19,424 $30,158 $12,374 $ 22,963 $35,337
             
  Average Basic Shares Outstanding 14,154 25,112 39,266 14,305 26,084 40,389
             
  Basic Earnings Per Share $ 0.76 $ 0.77   $ 0.87 $ 0.88  
             
Diluted Earnings Per Share:
  Dividends declared and assumed
       dividends on dilutive shares

$ 6,581

$ 12,088

$18,669

$ 6,650

$12,594

$19,244
  Undistributed earnings 4,134 7,355 11,489 5,681 10,412 16,093
 





  Net Income $ 10,715 $19,443 $30,158 $ 12,331 $23,006 $35,337
             
  Average Diluted Shares Outstanding 14,154 25,179 39,333 14,305 26,222 40,527
             
  Diluted Earnings Per Share $ 0.76 $ 0.77   $ 0.86 $ 0.88  

Included in the diluted earnings per share computation are 67,000 and 138,000 average shares of Class B common stock representing the dilutive effect of stock options and contingently issuable performance share grants for the nine months ended March 31, 2001 and 2000, respectively. Also included in the diluted earnings per share computation are $32,000 and $66,000 of Class B assumed dividends payable on those dilutive shares for the nine months ended March 31, 2001 and 2000, respectively. A corresponding reduction of undistributed earnings has been allocated evenly over Class A and Class B shares. Antidilutive stock options amounting to 1,950,000 out of 2,292,000 average shares outstanding were excluded from the dilutive calculation for the current year period and 1,374,000 out of 2,042,000 average shares outstanding were excluded from the dilutive calculation for the prior year period.