Attached files
| file | filename |
|---|---|
| 10-K - Oil-Dri Corp of America | odc10k7312011.htm |
| EX-21.1 - SUBSIDIARIES OF OIL-DRI - Oil-Dri Corp of America | odcex21107312011.htm |
| EX-31.1 - CERTIFICATIONS PURSUANT TO RULE 13A - 14(A) - Oil-Dri Corp of America | odcex31107312011.htm |
| EX-32.1 - CERTIFICATIONS PURSUANT TO SECTION 1350 OF THE SARBANES-OXLEY ACT OF 2002 - Oil-Dri Corp of America | odcex32107312011.htm |
| EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Oil-Dri Corp of America | odcex23107312011.htm |
| EX-99.1 - MINE SAFETY DISCLOSURE - Oil-Dri Corp of America | odcex99107312011.htm |
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, | |||||||||||
2011 | 2010 | 2009 | |||||||||
Net income available to stockholders | $ | 9,051 | $ | 9,458 | $ | 9,586 | |||||
Less: Distributed and undistributed earnings allocated to nonvested stock | (123 | ) | (30 | ) | (46 | ) | |||||
Earnings available to common shareholders | $ | 8,928 | $ | 9,428 | $ | 9,540 | |||||
Shares Calculation | |||||||||||
Average shares outstanding - Basic Common | 5,083 | 5,203 | 5,146 | ||||||||
Average shares outstanding - Basic Class B Common | 1,908 | 1,891 | 1,874 | ||||||||
Potential Common Stock relating to stock options | 112 | 181 | 180 | ||||||||
Average shares outstanding - Assuming dilution | 7,103 | 7,275 | 7,200 | ||||||||
Net Income Per Share: Basic Common | $ | 1.36 | $ | 1.42 | $ | 1.46 | |||||
Net Income Per Share: Basic Class B Common | $ | 1.06 | $ | 1.07 | $ | 1.09 | |||||
Net Income Per Share: Diluted | $ | 1.26 | $ | 1.30 | $ | 1.33 | |||||
In fiscal year 2010, we adopted guidance under Accounting Standards Codification Topic (“ASC”) 260-10, Earnings Per Share, which required our unvested restricted stock awards to be considered participating securities and to be included in the computation of earnings per share pursuant to the two-class method. Upon adoption, we were required to retrospectively adjust earnings per share data to conform to this standard. Accordingly, we have restated diluted average shares outstanding and net income per share for all prior periods presented.