EX-11 4 a10qexhibit11eps09302011q1.htm KIMBALL INTERNATIONAL, INC. EXHIBIT 11 10Q.Exhibit 11 EPS 09.30.2011.Q1


Exhibit 11
KIMBALL INTERNATIONAL, INC.
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(Unaudited)
Three Months Ended
 
Three Months Ended
(Amounts in Thousands, Except for Per Share Data)
September 30, 2011
 
September 30, 2010
 
Class A
 
Class B
 
Total
 
Class A
 
Class B
 
Total
Basic Earnings (Loss) Per Share:
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared
$
470

 
$
1,372

 
$
1,842

 
$
477

 
$
1,356

 
$
1,833

Undistributed Loss
(546
)
 
(1,442
)
 
(1,988
)
 
(386
)
 
(991
)
 
(1,377
)
Net Income (Loss)
$
(76
)
 
$
(70
)
 
$
(146
)
 
$
91

 
$
365

 
$
456

Average Basic Shares Outstanding
10,401

 
27,435

 
37,836

 
10,575

 
27,105

 
37,680

Basic Earnings (Loss) Per Share
$
(0.01
)
 
$
0.00

 
 
 
$
0.01

 
$
0.01

 
 
Diluted Earnings (Loss) Per Share:
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared and Assumed Dividends on Dilutive Shares
$
470

 
$
1,372

 
$
1,842

 
$
481

 
$
1,356

 
$
1,837

Undistributed Loss
(546
)
 
(1,442
)
 
(1,988
)
 
(390
)
 
(991
)
 
(1,381
)
Net Income (Loss)
$
(76
)
 
$
(70
)
 
$
(146
)
 
$
91

 
$
365

 
$
456

Average Diluted Shares Outstanding
10,401

 
27,435

 
37,836

 
10,659

 
27,105

 
37,764

Diluted Earnings (Loss) Per Share
$
(0.01
)
 
$
0.00

 
 
 
$
0.01

 
$
0.01

 
 
Reconciliation of Basic and Diluted EPS Calculations:
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Used for Basic EPS Calculation
$
(76
)
 
$
(70
)
 
$
(146
)
 
$
91

 
$
365

 
$
456

Assumed Dividends Payable on Dilutive Shares:
 
 
 
 
 
 
 
 
 
 
 
Performance shares
—

 
—

 
—

 
4

 
—

 
4

Reduction of Undistributed Loss - allocated based on Class A and Class B shares
—

 
—

 
—

 
(4
)
 
—

 
(4
)
Net Income (Loss) Used for Diluted EPS Calculation
$
(76
)
 
$
(70
)
 
$
(146
)
 
$
91

 
$
365

 
$
456

Average Shares Outstanding for Basic EPS Calculation
10,401

 
27,435

 
37,836

 
10,575

 
27,105

 
37,680

Dilutive Effect of Average Outstanding:
 
 
 
 
 
 
 
 
 
 
 
Performance shares
—

 
—

 
—

 
84

 
—

 
84

Average Shares Outstanding for Diluted EPS Calculation
10,401

 
27,435

 
37,836

 
10,659

 
27,105

 
37,764


All of the 550,000 and 634,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the quarters ended September 30, 2011 and 2010, respectively. In addition, for the quarter ended September 30, 2011, all of the 683,000 average performance shares granted were antidilutive and were excluded from the dilutive calculation.