EX-11 3 v096599_ex11.htm
 
Exhibit 11:

 OIL-DRI CORPORATION OF AMERICA AND SUBSIDIARIES
Computation of Earnings Per Share
(in thousands except for per share amounts)

   
Three Months Ended
October 31
  
   
2007
  
2006
  
Net income available to stockholders
(numerator)
  
$
2,484
  
$
1,647
  
Shares Calculation
(denominator)
              
Average shares outstanding -
Basic Common
    
5,004
    
4,852
  
Average shares outstanding -
Basic Class B Common
    
1,840
    
1,804
  
Effect of Dilutive Securities:
              
Potential Common Stock relating
to stock options
    
301
    
257
  
Average shares outstanding -
Assuming dilution
    
7,145
    
6,913
  
Net Income Per Share:
Basic Common
  
$
0.38
  
$
0.27
  
Net Income Per Share:
Basic Class B Common
  
$
0.31
  
$
0.20
  
Diluted
  
$
0.35
  
$
0.24