EX-11 2 odcex1104302019.htm COMPUTATION OF EARNINGS PER SHARE Exhibit


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 April 30,
 
For the Nine Months Ended April 30,
 
2019
2018
 
2019
2018
Net income available to stockholders
$
5,619

$
3,585

 
$
8,812

$
5,539

Less: Distributed and undistributed earnings allocated
 to non-vested restricted stock
(219
)
(84
)
 
(331
)
(130
)
Earnings available to common shareholders
$
5,400

$
3,501

 
$
8,481

$
5,409

Shares Calculation
 
 
 
 
 
Average shares outstanding - Basic Common
5,126

5,037

 
5,108

5,032

Average shares outstanding - Basic Class B Common
2,068

2,102

 
2,068

2,099

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

83

 
69

86

Average shares outstanding - Assuming dilution
7,253

7,222

 
7,245

7,217

Net Income Per Share: Basic Common
$
0.81

$
0.53

 
$
1.27

$
0.82

Net Income Per Share: Basic Class B Common
$
0.61

$
0.40

 
$
0.95

$
0.62

Net Income Per Share: Diluted Common
$
0.74

$
0.48

 
$
1.17

$
0.75




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