EX-11 2 a10qexhibit11eps09302012q1.htm KIMBALL INTERNATIONAL, INC. EXHIBIT 11 10Q.Exhibit 11 EPS 09.30.2012 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, 2012
 
September 30, 2011
 
Class A
 
Class B
 
Total
 
Class A
 
Class B
 
Total
Basic Earnings (Loss) Per Share:
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared
$
383

 
$
1,478

 
$
1,861

 
$
470

 
$
1,372

 
$
1,842

Undistributed Earnings (Loss)
782

 
2,318

 
3,100

 
(546
)
 
(1,442
)
 
(1,988
)
Net Income (Loss)
$
1,165

 
$
3,796

 
$
4,961

 
$
(76
)
 
$
(70
)
 
$
(146
)
Average Basic Shares Outstanding
9,589

 
28,428

 
38,017

 
10,401

 
27,435

 
37,836

Basic Earnings (Loss) Per Share
$
0.12

 
$
0.13

 
 
 
$
(0.01
)
 
$
0.00

 
 
Diluted Earnings (Loss) Per Share:
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared and Assumed Dividends on Dilutive Shares
$
394

 
$
1,478

 
$
1,872

 
$
470

 
$
1,372

 
$
1,842

Undistributed Earnings (Loss)
794

 
2,295

 
3,089

 
(546
)
 
(1,442
)
 
(1,988
)
Net Income (Loss)
$
1,188

 
$
3,773

 
$
4,961

 
$
(76
)
 
$
(70
)
 
$
(146
)
Average Diluted Shares Outstanding
9,828

 
28,428

 
38,256

 
10,401

 
27,435

 
37,836

Diluted Earnings (Loss) Per Share
$
0.12

 
$
0.13

 
 
 
$
(0.01
)
 
$
0.00

 
 
Reconciliation of Basic and Diluted EPS Calculations:
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Used for Basic EPS Calculation
$
1,165

 
$
3,796

 
$
4,961

 
$
(76
)
 
$
(70
)
 
$
(146
)
Assumed Dividends Payable on Dilutive Shares:
 
 
 
 
 
 
 
 
 
 
 
Performance shares
11

 
—

 
11

 
—

 
—

 
—

Increase (Reduction) in Undistributed Earnings - allocated based on Class A and Class B shares
12

 
(23
)
 
(11
)
 
—

 
—

 
—

Net Income (Loss) Used for Diluted EPS Calculation
$
1,188

 
$
3,773

 
$
4,961

 
$
(76
)
 
$
(70
)
 
$
(146
)
Average Shares Outstanding for Basic EPS Calculation
9,589

 
28,428

 
38,017

 
10,401

 
27,435

 
37,836

Dilutive Effect of Average Outstanding:
 
 
 
 
 
 
 
 
 
 
 
Performance shares
239

 
—

 
239

 
—

 
—

 
—

Average Shares Outstanding for Diluted EPS Calculation
9,828

 
28,428

 
38,256

 
10,401

 
27,435

 
37,836


All of the 474,500 and 550,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the quarters ended September 30, 2012 and 2011, 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.