EX-11 5 q071ex11.htm KIMBALL INTERNATIONAL INC EXHIBIT 11 Exhibit 11

Exhibit 11

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

EARNINGS PER SHARE       (Unaudited) (Unaudited)
FROM CONTINUING OPERATIONS       Three Months Ended Three Months Ended
      September 30, 2006 September 30, 2005


(Amounts in Thousands, Except for per Share Data) Class A Class B Total   Class A Class B Total  
Basic Earnings Per Share from Continuing Operations:
  Dividends Declared $ 1,986  $ 4,161  $ 6,147  $ 2,158  $ 3,975  $ 6,133 
  Undistributed Loss (802) (1,674) (2,476) (2,222) (4,067) (6,289)
 





  Income (Loss) from Continuing Operations $ 1,184  $ 2,487  $ 3,671  $    (64) $    (92) $   (156)
  Average Basic Shares Outstanding 12,395  25,892  38,287  13,483  24,682  38,165 
  Basic Earnings Per Share from Continuing
      Operations
$0.10  $0.10    ($0.00) ($0.00)  
Diluted Earnings Per Share from Continuing Operations:
  Dividends Declared and Assumed
       Dividends on Dilutive Shares
$ 2,009  $ 4,202  $ 6,211  $ 2,174  $ 3,976  $ 6,150 
  Undistributed Loss (830) (1,710) (2,540) (2,240) (4,066) (6,306)
 





  Income (Loss) from Continuing Operations $ 1,179  $ 2,492  $ 3,671  $     (66) $    (90) $  (156)
  Average Diluted Shares Outstanding 12,715  26,200  38,915  13,609  24,699  38,308 
  Diluted Earnings Per Share from
       Continuing Operations
$0.09  $0.10    ($0.00) ($0.00)  
Reconciliation of Basic and Diluted EPS from Continuing Operations Calculations:            
  Income (Loss) from Continuing Operations
      Used for Basic EPS Calculation
$ 1,184  $ 2,487 

$ 3,671 

  $   (64) $  (92)

$  (156)

  Assumed Dividends Payable on Dilutive Shares:
    Stock options --  39  39  --  --  -- 
    Performance share awards 23  25  16  17 
  (Reduction) Increase of Undistributed
     Earnings - allocated based on Class A
     and Class B shares
(28) (36) (64)   (18) 1 (17)






  Income (Loss) from Continuing Operations
      Used for Diluted EPS Calculation

$ 1,179 

$ 2,492 

$ 3,671    $   (66) $   (90) $ (156)
  Average Shares Outstanding for Basic
      EPS Calculation
12,395  25,892  38,287   13,483 24,682  38,165 
  Dilutive Effect of Average Outstanding:
    Stock options --   245  245  --  --  -- 
    Performance share awards 147   15  162  103  111 
    Restricted share units 173   48  221  23  32 






  Average Shares Outstanding for Diluted
      EPS Calculation
12,715  26,200  38,915    13,609  24,699  38,308

KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
 
EARNINGS (LOSS) PER SHARE (Unaudited)   (Unaudited)
FROM DISCONTINUED OPERATIONS Three Months Ended   Three Months Ended
  September 30, 2006   September 30, 2005
 
 
  Basic:      
     Class A $   --    ($0.18) 
     Class B $   --    ($0.18) 
  Diluted:      
     Class A $   --    ($0.18) 
     Class B $   --    ($0.18) 

 

EARNINGS PER SHARE (Unaudited)   (Unaudited)
FROM CUMULATIVE EFFECT OF CHANGE Three Months Ended   Three Months Ended
IN ACCOUNTING PRINCIPLE September 30, 2006   September 30, 2005
 
 
  Basic:      
     Class A $   --    $0.01 
     Class B $   --    $0.01 
  Diluted:      
     Class A $   --    $0.01 
     Class B $   --    $0.01 


 


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

EARNINGS PER SHARE   (Unaudited) (Unaudited)
(INCLUDING DISCONTINUED OPERATIONS Three Months Ended Three Months Ended
AND CUMULATIVE EFFECT OF CHANGE IN September 30, 2006 September 30, 2005
ACCOUNTING PRINCIPLE)

(Amounts in Thousands, Except for per Share Data) Class A Class B Total   Class A Class B Total  
Basic Earnings (Loss) Per Share:
  Dividends Declared $   1,986  $   4,161  $   6,147  $   2,158  $   3,975  $   6,133 
  Undistributed Loss (802)  (1,674)  (2,476)  (4,485) (8,211) (12,696)
 





  Net Income (Loss) $   1,184  $   2,487  $   3,671  $ (2,327) $ (4,236) $ (6,563)
  Average Basic Shares Outstanding

12,395

25,892  38,287  13,483  24,682  38,165 
  Basic Earnings (Loss) Per Share $0.10  $0.10   ($0.17) ($0.17)
Diluted Earnings (Loss) Per Share:
  Dividends Declared and Assumed
       Dividends on Dilutive Shares
$   2,009  $   4,202  $   6,211  $   2,174  $   3,976  $   6,150 
  Undistributed Loss (830) (1,710) (2,540) (4,516) (8,197) (12,713)
 





  Net Income (Loss) $   1,179  $   2,492  $   3,671  $ (2,342) $ (4,221) $ (6,563)
             
  Average Diluted Shares Outstanding 12,715  26,200  38,915  13,609  24,699  38,308 
             
  Diluted Earnings (Loss) Per Share $0.09   $0.10    ($0.17)  ($0.17)  

Included in dividends declared for the basic and diluted earnings per share computation are dividends computed and accrued on unvested Class A and Class B restricted share units, which will be paid by a conversion to the equivalent value of common shares after a vesting period.

For the current year period, 102,000 out of 1,589,000 stock options outstanding were antidilutive and were excluded from the dilutive calculation. For the prior year period, all 2,141,000 average stock options outstanding were antidilutive and were excluded from the dilutive calculation.