Attached files
| file | filename |
|---|---|
| 10-Q - KIMBALL INTERNATIONAL, INC. FORM 10-Q - KIMBALL INTERNATIONAL INC | kbalb03312011q3.htm |
| EX-10 - KIMBALL INTERNATIONAL, INC. EXHIBIT 10 - KIMBALL INTERNATIONAL INC | exhibit1003312011q3.htm |
| EX-31.2 - KIMBALL INTERNATIONAL, INC. EXHIBIT 31.2 - KIMBALL INTERNATIONAL INC | exhibit31203312011q3.htm |
| EX-31.1 - KIMBALL INTERNATIONAL, INC. EXHIBIT 31.1 - KIMBALL INTERNATIONAL INC | exhibit31103312011q3.htm |
| EX-32.1 - KIMBALL INTERNATIONAL, INC. EXHIBIT 32.1 - KIMBALL INTERNATIONAL INC | exhibit32103312011q3.htm |
| EX-32.2 - KIMBALL INTERNATIONAL, INC. EXHIBIT 32.2 - KIMBALL INTERNATIONAL INC | exhibit32203312011q3.htm |
Exhibit 11
KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(Unaudited) | Three Months Ended | Three Months Ended | |||||||||||||||||||||
(Amounts in Thousands, Except for Per Share Data) | March 31, 2011 | March 31, 2010 | |||||||||||||||||||||
Class A | Class B | Total | Class A | Class B | Total | ||||||||||||||||||
Basic Earnings Per Share: | |||||||||||||||||||||||
Dividends Declared | $ | 470 | $ | 1,365 | $ | 1,835 | $ | 502 | $ | 1,358 | $ | 1,860 | |||||||||||
Undistributed Earnings | 407 | 1,064 | 1,471 | 1,278 | 3,192 | 4,470 | |||||||||||||||||
Net Income | $ | 877 | $ | 2,429 | $ | 3,306 | $ | 1,780 | $ | 4,550 | $ | 6,330 | |||||||||||
Average Basic Shares Outstanding | 10,455 | 27,291 | 37,746 | 10,745 | 26,828 | 37,573 | |||||||||||||||||
Basic Earnings Per Share | $ | 0.08 | $ | 0.09 | $ | 0.17 | $ | 0.17 | |||||||||||||||
Diluted Earnings Per Share: | |||||||||||||||||||||||
Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 475 | $ | 1,365 | $ | 1,840 | $ | 505 | $ | 1,358 | $ | 1,863 | |||||||||||
Undistributed Earnings | 409 | 1,057 | 1,466 | 1,282 | 3,185 | 4,467 | |||||||||||||||||
Net Income | $ | 884 | $ | 2,422 | $ | 3,306 | $ | 1,787 | $ | 4,543 | $ | 6,330 | |||||||||||
Average Diluted Shares Outstanding | 10,553 | 27,292 | 37,845 | 10,802 | 26,831 | 37,633 | |||||||||||||||||
Diluted Earnings Per Share | $ | 0.08 | $ | 0.09 | $ | 0.17 | $ | 0.17 | |||||||||||||||
Reconciliation of Basic and Diluted EPS Calculations: | |||||||||||||||||||||||
Net Income Used for Basic EPS Calculation | $ | 877 | $ | 2,429 | $ | 3,306 | $ | 1,780 | $ | 4,550 | $ | 6,330 | |||||||||||
Assumed Dividends Payable on Dilutive Shares: | |||||||||||||||||||||||
Performance shares | 5 | — | 5 | 3 | — | 3 | |||||||||||||||||
Increase (Reduction) of Undistributed Earnings - allocated based on Class A and Class B shares | 2 | (7 | ) | (5 | ) | 4 | (7 | ) | (3 | ) | |||||||||||||
Net Income Used for Diluted EPS Calculation | $ | 884 | $ | 2,422 | $ | 3,306 | $ | 1,787 | $ | 4,543 | $ | 6,330 | |||||||||||
Average Shares Outstanding for Basic EPS Calculation | 10,455 | 27,291 | 37,746 | 10,745 | 26,828 | 37,573 | |||||||||||||||||
Dilutive Effect of Average Outstanding: | |||||||||||||||||||||||
Performance shares | 98 | 1 | 99 | 57 | 3 | 60 | |||||||||||||||||
Average Shares Outstanding for Diluted EPS Calculation | 10,553 | 27,292 | 37,845 | 10,802 | 26,831 | 37,633 | |||||||||||||||||
All of the 620,000 and 680,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculation for the quarters ended March 31, 2011 and 2010, respectively.
(Unaudited) | Nine Months Ended | Nine Months Ended | |||||||||||||||||||||
(Amounts in Thousands, Except for Per Share Data) | March 31, 2011 | March 31, 2010 | |||||||||||||||||||||
Class A | Class B | Total | Class A | Class B | Total | ||||||||||||||||||
Basic Earnings Per Share: | |||||||||||||||||||||||
Dividends Declared | $ | 1,420 | $ | 4,082 | $ | 5,502 | $ | 1,481 | $ | 4,022 | $ | 5,503 | |||||||||||
Less: Unvested Participating Dividends | — | — | — | (9 | ) | — | (9 | ) | |||||||||||||||
Dividends to Common Share Owners | 1,420 | 4,082 | 5,502 | 1,472 | 4,022 | 5,494 | |||||||||||||||||
Undistributed Earnings (Loss) | (864 | ) | 4,507 | ||||||||||||||||||||
Less: Earnings (Loss) Allocated to Participating Securities | — | (8 | ) | ||||||||||||||||||||
Undistributed Earnings (Loss) Allocated to Common Share Owners | (241 | ) | (623 | ) | (864 | ) | 1,287 | 3,212 | 4,499 | ||||||||||||||
Net Income Available to Common Share Owners | $ | 1,179 | $ | 3,459 | $ | 4,638 | $ | 2,759 | $ | 7,234 | $ | 9,993 | |||||||||||
Average Basic Common Shares Outstanding | 10,513 | 27,205 | 37,718 | 10,702 | 26,706 | 37,408 | |||||||||||||||||
Basic Earnings Per Share | $ | 0.11 | $ | 0.13 | $ | 0.26 | $ | 0.27 | |||||||||||||||
Diluted Earnings Per Share: | |||||||||||||||||||||||
Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 1,439 | $ | 4,082 | $ | 5,521 | $ | 1,493 | $ | 4,023 | $ | 5,516 | |||||||||||
Less: Unvested Participating Dividends | — | — | — | (9 | ) | — | (9 | ) | |||||||||||||||
Dividends and Assumed Dividends to Common Share Owners | 1,439 | 4,082 | 5,521 | 1,484 | 4,023 | 5,507 | |||||||||||||||||
Undistributed Earnings (Loss) | (883 | ) | 4,494 | ||||||||||||||||||||
Less: Earnings (Loss) Allocated to Participating Securities | — | (8 | ) | ||||||||||||||||||||
Undistributed Earnings (Loss) Allocated to Common Share Owners | (248 | ) | (635 | ) | (883 | ) | 1,291 | 3,195 | 4,486 | ||||||||||||||
Net Income Available to Common Share Owners | $ | 1,191 | $ | 3,447 | $ | 4,638 | $ | 2,775 | $ | 7,218 | $ | 9,993 | |||||||||||
Average Diluted Common Shares Outstanding | 10,650 | 27,206 | 37,856 | 10,789 | 26,710 | 37,499 | |||||||||||||||||
Diluted Earnings Per Share | $ | 0.11 | $ | 0.13 | $ | 0.26 | $ | 0.27 | |||||||||||||||
Reconciliation of Basic and Diluted EPS Calculations: | |||||||||||||||||||||||
Net Income Used for Basic EPS Calculation | $ | 1,179 | $ | 3,459 | $ | 4,638 | $ | 2,759 | $ | 7,234 | $ | 9,993 | |||||||||||
Assumed Dividends Payable on Dilutive Shares: | |||||||||||||||||||||||
Performance shares | 19 | — | 19 | 12 | 1 | 13 | |||||||||||||||||
Increase (Reduction) of Undistributed Earnings (Loss) - allocated based on Class A and Class B shares | (7 | ) | (12 | ) | (19 | ) | 4 | (17 | ) | (13 | ) | ||||||||||||
Net Income Used for Diluted EPS Calculation | $ | 1,191 | $ | 3,447 | $ | 4,638 | $ | 2,775 | $ | 7,218 | $ | 9,993 | |||||||||||
Average Shares Outstanding for Basic EPS Calculation | 10,513 | 27,205 | 37,718 | 10,702 | 26,706 | 37,408 | |||||||||||||||||
Dilutive Effect of Average Outstanding: | |||||||||||||||||||||||
Performance shares | 137 | 1 | 138 | 87 | 4 | 91 | |||||||||||||||||
Average Shares Outstanding for Diluted EPS Calculation | 10,650 | 27,206 | 37,856 | 10,789 | 26,710 | 37,499 | |||||||||||||||||
All of the 627,000 and 704,000 average stock options outstanding were antidilutive and were excluded from the dilutive calculation for the nine months ended March 31, 2011 and 2010, respectively.