EX-11 3 q021ex11.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
    September 30, 2001   September 30, 2000
    
  
(Amounts in Thousands, Except per Share Data) Class A Class B Total Class A Class B Total
Basic Earnings Per Share:
  Dividends declared $ 2,177  $ 3,839  $ 6,016  $ 2,193 $ 4,021 $ 6,214
  Undistributed earnings (416) (711) (1,127) 1,669 2,961 4,630
 





  Net Income $ 1,761  $ 3,128  $ 4,889  $ 3,862 $ 6,982 $10,844
             
  Average Basic Shares Outstanding 14,053  23,978  38,031  14,161 25,110 39,271
             
  Basic Earnings Per Share $ 0.13  $ 0.13    $ 0.27 $ 0.28  
             
Diluted Earnings Per Share:
  Dividends declared and assumed
       dividends on dilutive shares

$ 2,177 

$ 3,844 

$ 6,021 

$ 2,193

$ 4,035

$ 6,228
  Undistributed earnings (418) (714) (1,132) 1,661 2,955 4,616
 





  Net Income $ 1,759  $ 3,130  $ 4,889  $ 3,854 $ 6,990 $10,844
             
  Average Diluted Shares Outstanding 14,053  24,007  38,060  14,161 25,202 39,363
             
  Diluted Earnings Per Share $ 0.13  $ 0.13    $ 0.27 $ 0.28  


Included in the diluted earnings per share computation are 29,000 and 92,000 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 September 30, 2001 and 2000, respectively. Also included in the diluted earnings per share computation are $5,000 and $14,000 of Class B assumed dividends payable on those dilutive shares for the three months ended September 30, 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 2,544,000 out of 2,630,000 average shares outstanding were excluded from the dilutive calculation for the current year period and 1,784,000 out of 2,205,000 average shares outstanding were excluded from the dilutive calculation for the prior year period.