EX-11.1 2 odcex11107312017.htm EXHIBIT 11.1 COMPUTATION OF NET INCOME PER SHARE Exhibit

EXHIBIT 11.1:
OIL-DRI CORPORATION OF AMERICA
Computation of Net Income Per Share
(in thousands except for per share amounts)



 
Year Ended July 31,
 
2017
 
2016
 
2015
Net income available to stockholders
$
10,792

 
$
13,613

 
$
11,368

Less: Distributed and undistributed earnings allocated to nonvested restricted stock
(253
)
 
(315
)
 
(147
)
Earnings available to common shareholders
$
10,539

 
$
13,298

 
$
11,221

 
 
 
 
 
 
Shares Calculation
 
 
 
 
 
 
 
 
 
 
 
Average shares outstanding - Basic Common
5,017

 
4,986

 
4,955

Average shares outstanding - Basic Class B Common
2,083

 
2,050

 
2,019

Potential Common Stock relating to stock options and non-vested restricted stock
58

 
58

 
63

Average shares outstanding - Assuming dilution
7,158

 
7,094

 
7,037

 
 
 
 
 
 
Net Income Per Share: Basic Common
$
1.60

 
$
2.04

 
$
1.73

Net Income Per Share: Basic Class B Common
$
1.20

 
$
1.53

 
$
1.30

Net Income Per Share: Diluted Common
$
1.47

 
$
1.87

 
$
1.59