EX-11 2 odcex1110312019.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 October 31,
 
2019
2018
Net income available to stockholders
$
3,536

$
906

Less: Distributed and undistributed earnings allocated
 to non-vested restricted stock
(156
)
(39
)
Earnings available to common shareholders
$
3,380

$
867

Shares Calculation
 
 
Average shares outstanding - Basic Common
5,149

5,076

Average shares outstanding - Basic Class B Common
2,050

2,069

Potential Common Stock relating to stock options and
 non-vested restricted stock
107

98

Average shares outstanding - Assuming dilution
7,306

7,243

Net Income Per Share: Basic Common
$
0.51

$
0.13

Net Income Per Share: Basic Class B Common
$
0.38

$
0.10

Net Income Per Share: Diluted Common
$
0.46

$
0.12




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