EX-11.1 3 odcex11107312018.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,
 
2018
 
2017
Net income available to stockholders
$
8,240

 
$
10,792

Less: Distributed and undistributed earnings allocated to nonvested restricted stock
(193
)
 
(253
)
Earnings available to common shareholders
$
8,047

 
$
10,539

 
 
 
 
Shares Calculation
 
 
 
 
 
 
 
Average shares outstanding - Basic Common
5,036

 
5,017

Average shares outstanding - Basic Class B Common
2,097

 
2,083

Potential Common Stock relating to stock options and non-vested restricted stock
89

 
58

Average shares outstanding - Assuming dilution
7,222

 
7,158

 
 
 
 
Net Income Per Share: Basic Common
$
1.22

 
$
1.60

Net Income Per Share: Basic Class B Common
$
0.91

 
$
1.20

Net Income Per Share: Diluted Common
$
1.11

 
$
1.47