Attached files
Exhibit 11
Horace Mann Educators Corporation
Computation of Net Income per Share (Unaudited)
For the Three Months Ended March 31, 2017 and 2016
(Amounts in thousands, except per share data)
Three Months Ended | ||||||||
March 31, | ||||||||
2017 | 2016 | |||||||
Basic: | ||||||||
Net income | $ | 15,318 | $ | 25,153 | ||||
Weighted average number
of common shares during the period | 41,135 | 41,297 | ||||||
Net income per share – basic | $ | 0.37 | $ | 0.61 | ||||
Diluted: | ||||||||
Net income | $ | 15,318 | $ | 25,153 | ||||
Weighted average number of common shares during the period | 41,135 | 41,297 | ||||||
Weighted average number
of common equivalent shares to reflect the dilutive effect of common stock equivalent securities: | ||||||||
Stock options | 195 | 95 | ||||||
Common
stock units related to deferred compensation for employees | 29 | 56 | ||||||
Restricted
common stock units related to incentive compensation | (17 | ) | 44 | |||||
Total
common and common equivalent shares adjusted to calculate diluted earnings per share | 41,342 | 41,492 | ||||||
Net income per share – diluted | $ | 0.37 | $ | 0.61 |