EX-11 3 odcex1110312014.htm COMPUTATION OF EARNINGS PER SHARE ODC Ex 11 10.31.2014


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 October 31,
 
2014
2013
Net income available to stockholders
$
2,120

$
2,887

Less: Distributed and undistributed earnings allocated to non-vested stock
(31
)
(41
)
Earnings available to common shareholders
$
2,089

$
2,846

Shares Calculation
 
 
Average shares outstanding - Basic Common
4,948

4,955

Average shares outstanding - Basic Class B Common
2,009

1,992

Potential Common Stock relating to stock options and non-vested restricted stock
59

26

Average shares outstanding - Assuming dilution
7,016

6,973

Net Income Per Share: Basic Common
$
0.32

$
0.44

Net Income Per Share: Basic Class B Common
$
0.24

$
0.33

Net Income Per Share: Diluted
$
0.30

$
0.41



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