EX-11 6 a33118ex11.htm EXHIBIT 11 Exhibit


Exhibit 11
 
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three Months Ended March 31, 2018 and 2017
($ in thousands, except per share data)
 
 
 
Three Months Ended March 31,
 
 
2018
 
2017
Basic:
 
 
 
 
 
 
 
 
 
Net income
 
$
20,155

 
$
15,318

Weighted average number of common
shares during the period (in thousands)
 
41,497

 
41,135

 
 
 
 
 
Net income per share – basic
 
$
0.49

 
$
0.37

 
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
 
Net income
 
$
20,155

 
$
15,318

Weighted average number of common
shares during the period
 
41,497

 
41,135

Weighted average number of common
equivalent shares to reflect the dilutive effect
of common stock equivalent securities:
 
 
 
 
Stock options
 
115

 
195

Common stock units related to deferred
compensation for employees
 
25

 
29

Restricted common stock units related
to incentive compensation
 
16

 
(17
)
Total common and common equivalent shares
adjusted to calculate diluted earnings per share
 
41,653

 
41,342

 
 
 
 
 
Net income per share – diluted
 
$
0.48

 
$
0.37