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 January 31, | For the Six Months Ended January 31, | ||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||
Net income available to stockholders | $ | 2,002 | $ | 4,299 | $ | 2,587 | $ | 8,283 | |||||||||
Less: Distributed and undistributed earnings allocated to non-vested restricted stock | (110) | (201) | (113) | (398) | |||||||||||||
Earnings available to common shareholders | $ | 1,892 | $ | 4,098 | $ | 2,474 | $ | 7,885 | |||||||||
Shares Calculation | |||||||||||||||||
Average shares outstanding - Basic Common | 5,077 | 5,150 | 5,095 | 5,149 | |||||||||||||
Average shares outstanding - Basic Class B Common | 1,939 | 1,934 | 1,930 | 1,930 | |||||||||||||
Potential Common Stock - Basic Common - relating to non-vested restricted stock | 109 | 102 | 116 | 115 | |||||||||||||
Potential Common Stock - Basic Class B Common - relating to non-vested restricted stock | 26 | 33 | 36 | 42 | |||||||||||||
Average shares outstanding - Assuming dilution | 7,151 | 7,219 | 7,177 | 7,236 | |||||||||||||
Net Income Per Share: Basic Common | $ | 0.29 | $ | 0.62 | $ | 0.38 | $ | 1.20 | |||||||||
Net Income Per Share: Basic Class B Common | $ | 0.22 | $ | 0.47 | $ | 0.28 | $ | 0.89 | |||||||||
Net Income Per Share: Diluted Common | $ | 0.28 | $ | 0.61 | $ | 0.37 | $ | 1.17 | |||||||||
Net Income Per Share: Diluted Class B Common | $ | 0.22 | $ | 0.46 | $ | 0.28 | $ | 0.88 |
1