EX-11.1 5 odcex11107312020.htm EXHIBIT 11.1 EPS Exhibit
EXHIBIT 11.1:
OIL-DRI CORPORATION OF AMERICA
Computation of Net Income Per Share
(in thousands except for per share amounts)



 
Year Ended July 31,
 
2020
 
2019
Net income available to stockholders
$
18,900

 
$
12,611

Less: Distributed and undistributed earnings allocated to nonvested restricted stock
(951
)
 
(490
)
Earnings available to common shareholders
$
17,949

 
$
12,121

 
 
 
 
Shares Calculation
 
 
 
 
 
 
 
Average shares outstanding - Basic Common
5,149

 
5,112

Average shares outstanding - Basic Class B Common
2,020

 
2,068

Potential Common Stock - Basic Common - relating to stock options and non-vested restricted stock
97

 
53

Potential Common Stock - Basic Class B Common - relating to stock options and non-vested restricted stock
29

 
18

Average shares outstanding - Assuming dilution
7,295

 
7,251

 
 
 
 
Net Income Per Share: Basic Common
$
2.70

 
$
1.82

Net Income Per Share: Basic Class B Common
$
2.02

 
$
1.36

Net Income Per Share: Diluted Common
$
2.65

 
$
1.80

Net Income Per Share: Diluted Class B Common
$
1.99

 
$
1.35