EX-11 2 odcex111312014.htm COMPUTATION OF EARNINGS PER SHARE ODC Ex 11 1.31.2014


Exhibit 11:


OIL-DRI CORPORATION OF AMERICA AND SUBSIDIARIES
Computation of Earnings Per Share
(in thousands, except per share amounts)


 
For the Three Months Ended January 31,
 
For the Six Months Ended January 31,
 
2014
2013
 
2014
2013
Net income available to stockholders
$
4,281

$
2,146

 
$
7,168

$
6,598

Less: Distributed and undistributed earnings allocated to non-vested stock
(66
)
(28
)
 
(106
)
(98
)
Earnings available to common shareholders
$
4,215

$
2,118

 
$
7,062

$
6,500

Shares Calculation
 
 
 
 
 
Average shares outstanding - Basic Common
4,979

4,896

 
4,967

4,887

Average shares outstanding - Basic Class B Common
2,005

1,976

 
1,999

1,960

Potential Common Stock relating to stock options
23

50

 
25

57

Average shares outstanding - Assuming dilution
7,007

6,922

 
6,991

6,904

Net Income Per Share: Basic Common
$
0.65

$
0.33

 
$
1.09

$
1.02

Net Income Per Share: Basic Class B Common
$
0.49

$
0.25

 
$
0.82

$
0.77

Net Income Per Share: Diluted
$
0.60

$
0.31

 
$
1.01

$
0.94



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