EX-11 3 q023ex11.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, 2002   March 31, 2001
    
  
(Amounts in Thousands, Except per Share Data) Class A Class B Total Class A Class B Total
Basic Earnings Per Share:
  Dividends declared $2,146 $  3,868 $  6,014 $2,194 $4,019 $6,213
  Undistributed earnings 3,577 6,205 9,782 263 467 730
 





  Net Income $5,723 $10,073 $15,796 $2,457 $4,486 $6,943
             
  Average Basic Shares Outstanding 13,912 24,134 38,046 14,152 25,117 39,269
             
  Basic Earnings Per Share $0.41 $0.42   $0.17 $0.18  
             
Diluted Earnings Per Share:
  Dividends declared and assumed
       dividends on dilutive shares
$2,146 $  3,877 $  6,023 $2,194 $4,026 $6,220
  Undistributed earnings 3,568 6,205 9,773 260 463 723
 





  Net Income $5,714 $10,082 $15,796 $2,454 $4,489 $6,943
             
  Average Diluted Shares Outstanding 13,912 24,192 38,104 14,152 25,162 39,314
             
  Diluted Earnings Per Share $0.41 $0.42   $0.17 $0.18  
             
Included in the diluted earnings per share computation are 58,000 and 45,000 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, 2002 and 2001, respectively. Also included in the diluted earnings per share computation are $9,000 and $7,000 of Class B assumed dividends payable on those dilutive shares for the three months ended March 31, 2002 and 2001, respectively. A corresponding reduction of undistributed earnings has been allocated evenly over Class A and Class B shares. Antidilutive stock options amounting to 1,904,000 out of 3,036,000 average shares outstanding were excluded from the dilutive calculation for the current year period and 2,116,000 out of 2,380,000 average shares outstanding were excluded from the dilutive calculation for the prior year period.
           
    (Unaudited)   (Unaudited)
    Nine Months Ended   Nine Months Ended
    March 31, 2002   March 31, 2001
    
  
(Amounts in Thousands, Except per Share Data) Class A Class B Total Class A Class B Total
Basic Earnings Per Share:
  Dividends declared $6,499 $11,549 $18,048 $  6,581 $12,056 $18,637
  Undistributed earnings 3,380 5,804 9,184 4,153 7,368 11,521
 





  Net Income $9,879 $17,353 $27,232 $10,734 $19,424 $30,158
             
  Average Basic Shares Outstanding 14,002 24,040 38,042 14,154 25,112 39,266
             
  Basic Earnings Per Share $0.71 $0.72   $0.76 $0.77  
             
Diluted Earnings Per Share:
  Dividends declared and assumed
       dividends on dilutive shares
$6,499 $11,562 $18,061 $  6,581 $12,088 $18,669
  Undistributed earnings 3,373 5,798  9,171 4,134 7,355 11,489
 





  Net Income $9,872 $17,360 $27,232 $10,715 $19,443 $30,158
             
  Average Diluted Shares Outstanding 14,002 24,068 38,070 14,154 25,179 39,333
             
  Diluted Earnings Per Share $0.71 $0.72   $0.76 $0.77  
             
Included in the diluted earnings per share computation are 28,000 and 67,000 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, 2002 and 2001, respectively. Also included in the diluted earnings per share computation are $13,000 and $32,000 of Class B assumed dividends payable on those dilutive shares for the nine months ended March 31, 2002 and 2001, respectively. A corresponding reduction of undistributed earnings has been allocated evenly over Class A and Class B shares. Antidilutive stock options amounting to 2,790,000 out of 2,833,000 average shares outstanding were excluded from the dilutive calculation for the current year period and 1,950,000 out of 2,292,000 average shares outstanding were excluded from the dilutive calculation for the prior year period.