EX-11 4 a10qexhibit11eps09302013q1.htm KIMBALL INTERNATIONAL, INC. EXHIBIT 11 10Q.Exhibit 11 EPS 09.30.2013 Q1


Exhibit 11
KIMBALL INTERNATIONAL, INC.
COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
Three Months Ended
 
Three Months Ended
(Amounts in Thousands, Except for Per Share Data)
September 30, 2013
 
September 30, 2012
 
Class A
 
Class B
 
Total
 
Class A
 
Class B
 
Total
Basic Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared
$
375

 
$
1,505

 
$
1,880

 
$
383

 
$
1,478

 
$
1,861

Undistributed Earnings
1,580

 
5,723

 
7,303

 
782

 
2,318

 
3,100

Net Income
$
1,955

 
$
7,228

 
$
9,183

 
$
1,165

 
$
3,796

 
$
4,961

Average Basic Shares Outstanding
8,288

 
30,022

 
38,310

 
9,589

 
28,428

 
38,017

Basic Earnings Per Share
$
0.24

 
$
0.24

 
 
 
$
0.12

 
$
0.13

 
 
Diluted Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
Dividends Declared and Assumed Dividends on Dilutive Shares
$
388

 
$
1,505

 
$
1,893

 
$
394

 
$
1,478

 
$
1,872

Undistributed Earnings
1,619

 
5,671

 
7,290

 
794

 
2,295

 
3,089

Net Income
$
2,007

 
$
7,176

 
$
9,183

 
$
1,188

 
$
3,773

 
$
4,961

Average Diluted Shares Outstanding
8,574

 
30,022

 
38,596

 
9,828

 
28,428

 
38,256

Diluted Earnings Per Share
$
0.23

 
$
0.24

 
 
 
$
0.12

 
$
0.13

 
 
Reconciliation of Basic and Diluted EPS Calculations:
 
 
 
 
 
 
 
 
 
 
 
Net Income Used for Basic EPS Calculation
$
1,955

 
$
7,228

 
$
9,183

 
$
1,165

 
$
3,796

 
$
4,961

Assumed Dividends Payable on Dilutive Performance Shares
13

 

 
13

 
11

 

 
11

Increase (Reduction) in Undistributed Earnings - allocated based on Class A and Class B shares
39

 
(52
)
 
(13
)
 
12

 
(23
)
 
(11
)
Net Income Used for Diluted EPS Calculation
$
2,007

 
$
7,176

 
$
9,183

 
$
1,188

 
$
3,773

 
$
4,961

Average Shares Outstanding for Basic EPS Calculation
8,288

 
30,022

 
38,310

 
9,589

 
28,428

 
38,017

Dilutive Effect of Average Outstanding Performance Shares
286

 

 
286

 
239

 

 
239

Average Shares Outstanding for Diluted EPS Calculation
8,574

 
30,022

 
38,596

 
9,828

 
28,428

 
38,256


All of the 474,500 average outstanding stock options were antidilutive and were excluded from the dilutive calculations for the quarter ended September 30, 2012. There were no stock options outstanding during the quarter ended September 30, 2013.