EX-11 2 od5035ex11.htm EXHIBIT 11

Exhibit 11:

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

 

 

Six Months Ended January 31

 

 

 

 

 

 

2006

 

2005

 

 

 

 

 

Net income available to stockholders (numerator)

 

$

2,895

 

$

3,426

 

 

 

 

 

Shares Calculation (denominator)

 

 

 

 

 

 

 

Average shares outstanding –

 

 

 

 

 

 

 

Basic Common

 

 

4,004

 

 

4,054

 

Average shares outstanding –

 

 

 

 

 

 

 

Basic Class B Common

 

 

1,458

 

 

1,451

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

Potential Common Stock relating to stock options

 

 

348

 

 

467

 

 

 

 

 

Average shares outstanding – Assuming dilution

 

 

5,810

 

 

5,972

 

 

 

 

 

Net Income Per Share:

 

 

 

 

 

 

 

Basic Common

 

$

0.57

 

$

0.67

 

 

 

 

 

Net Income Per Share:

 

 

 

 

 

 

 

Basic Class B Common

 

$

0.43

 

$

0.50

 

 

 

 

 

Diluted

 

$

0.50

 

$

0.57