EX-11 5 a33119ex11.htm EXHIBIT 11 Exhibit

Exhibit 11


 
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three Months Ended March 31, 2019 and 2018
($ in thousands, except per share data)
 
 
 
Three Months Ended March 31,
 
 
2019
 
2018
Basic:
 
 
 
 
 
 
 
 
 
Net income
 
$
32,166

 
$
20,155

Weighted average number of common
shares during the period (in thousands)
 
41,610

 
41,497

 
 
 
 
 
Net income per share – basic
 
$
0.77

 
$
0.49

 
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
 
Net income
 
$
32,166

 
$
20,155

Weighted average number of common
shares during the period
 
41,610

 
41,497

Weighted average number of common equivalent shares to reflect
the dilutive effect of common stock equivalent securities:
 
 
 
 
Stock options
 
66

 
115

Common stock units related to deferred
compensation for employees
 
—

 
25

Restricted common stock units related
to incentive compensation
 
109

 
16

Total common and common equivalent shares
adjusted to calculate diluted earnings per share
 
41,785

 
41,653

 
 
 
 
 
Net income per share – diluted
 
$
0.77

 
$
0.48