KIMBALL INTERNATIONAL INC - FORM 10-Q - EX-11 - KIMBALL INTERNATIONAL, INC. EXHIBIT 11 - February 4, 2011

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10-Q - KIMBALL INTERNATIONAL, INC. FORM 10-Q - KIMBALL INTERNATIONAL INCq112.htm
EX-31 - KIMBALL INTERNATIONAL, INC. EXHIBIT 31.2 - KIMBALL INTERNATIONAL INCexhibit312.htm
EX-32 - KIMBALL INTERNATIONAL, INC. EXHIBIT 32.1 - KIMBALL INTERNATIONAL INCexhibit321.htm
EX-31 - KIMBALL INTERNATIONAL, INC. EXHIBIT 31.1 - KIMBALL INTERNATIONAL INCexhibit311.htm
EX-32 - KIMBALL INTERNATIONAL, INC. EXHIBIT 32.2 - KIMBALL INTERNATIONAL INCexhibit322.htm

Exhibit 11

KIMBALL INTERNATIONAL, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE

(Unaudited) Three Months Ended
December 31, 2010		   Three Months Ended
December 31, 2009		  
(Amounts in Thousands, Except for Per Share Data) Class A   Class B   Total   Class A   Class B   Total  
Basic Earnings Per Share:                  
    Dividends Declared  $     473     $  1,361     $  1,834     $     487     $  1,337     $  1,824   
    Less: Unvested Participating Dividends  -0-     -0-     -0-     (4)    -0-     (4)  
    Dividends to Common Share Owners  473     1,361     1,834     483     1,337     1,820   
    Undistributed Earnings (Loss)          (958)            82   
    Less: Earnings (Loss) Allocated to Participating Securities          -0-             -0-   
    Undistributed Earnings (Loss) Allocated to Common Share Owners  (267)    (691)    (958)    23     59     82   
    Net Income Available to Common Share Owners  $     206     $     670     $     876     $     506     $  1,396     $  1,902   
 
    Average Basic Common Shares Outstanding		  10,510     27,219     37,729     10,631     26,708     37,339   
 
    Basic Earnings Per Share		  $   0.02     $   0.02         $   0.05     $   0.05       
Diluted Earnings Per Share:                  
    Dividends Declared and Assumed Dividends on Dilutive Shares  $     476     $  1,361     $  1,837     $     489     $  1,337     $  1,826   
    Less: Unvested Participating Dividends  -0-     -0-     -0-     (4)    -0-     (4)  
    Dividends and Assumed Dividends to Common Share Owners  476     1,361     1,837     485     1,337     1,822   
    Undistributed Earnings (Loss)          (961)            80   
    Less: Earnings (Loss) Allocated to Participating Securities          -0-             -0-   
    Undistributed Earnings (Loss) Allocated to Common Share Owners  (269)    (692)    (961)    23     57     80   
    Net Income Available to Common Share Owners  $     207     $     669     $     876     $     508     $  1,394     $  1,902   
 
    Average Diluted Common Shares Outstanding		  10,566     27,220     37,786     10,770     26,744     37,514   
 
    Diluted Earnings Per Share		  $   0.02     $   0.02         $   0.05     $   0.05       
Reconciliation of Basic and Diluted EPS Calculations:                        
    Net Income Used for Basic EPS Calculation  $     206     $     670     $     876     $     506     $  1,396     $  1,902   
    Assumed Dividends Payable on Dilutive Shares:                      
        Performance shares  3     -0-     3     2     -0-     2   
    Increase (Reduction) of Undistributed Earnings (Loss) - allocated                       
      based on Class A and Class B shares  (2)    (1)    (3)    -0-     (2)    (2)  
    Net Income Used for Diluted EPS Calculation  $     207     $     669     $     876     $     508     $  1,394     $  1,902   
 
    Average Shares Outstanding for Basic
      EPS Calculation		  10,510     27,219     37,729     10,631     26,708     37,339   
    Dilutive Effect of Average Outstanding:                        
        Performance shares  56     1     57     46     3     49   
        Restricted share units  -0-     -0-     -0-     93     33     126   
    Average Shares Outstanding for Diluted EPS Calculation  10,566     27,220     37,786     10,770     26,744     37,514   
Included in dividends declared for the basic and diluted earnings per share computation for the three months ended December 31, 2009 are dividends computed and accrued on unvested Class A and Class B restricted share units, which were paid by a conversion to the equivalent value of common shares on the vesting date.  Restricted share units held by retirement-age participants at December 31, 2009 had a nonforfeitable right to dividends and were deducted from the above dividends and undistributed earnings figures allocable to common Share Owners. There were no restricted share units outstanding as of December 31, 2010.  
All of the 620,000 and 708,000 average outstanding stock options were antidilutive and were excluded from the dilutive calculation for the quarters ended December 31, 2010 and 2009, respectively.   

 

(Unaudited) Six Months Ended
December 31, 2010		   Six Months Ended
December 31, 2009		  
(Amounts in Thousands, Except for Per Share Data) Class A   Class B   Total   Class A   Class B   Total  
Basic Earnings Per Share:                  
    Dividends Declared  $    950     $ 2,717     $    3,667     $    979     $  2,664     $    3,643   
    Less: Unvested Participating Dividends  -0-     -0-     -0-     (9)    -0-     (9)  
    Dividends to Common Share Owners  950     2,717     3,667     970     2,664     3,634   
    Undistributed Earnings (Loss)          (2,335)            37   
    Less: Earnings (Loss) Allocated to Participating Securities          -0-             -0-   
    Undistributed Earnings (Loss) Allocated to Common Share Owners  (653)    (1,682)    (2,335)    11     26     37   
    Net Income Available to Common Share Owners  $    297     $ 1,035     $    1,332     $    981     $  2,690     $    3,671   
    Average Basic Common Shares Outstanding  10,543     27,162     37,705     10,681     26,645     37,326   
    Basic Earnings Per Share  $  0.03     $  0.04         $  0.09     $    0.10       
Diluted Earnings Per Share:                  
    Dividends Declared and Assumed Dividends on Dilutive Shares  $    960     $ 2,717     $    3,677     $    986     $  2,664     $    3,650   
    Less: Unvested Participating Dividends  -0-     -0-     -0-     (9)    -0-     (9)  
    Dividends and Assumed Dividends to Common Share Owners  960     2,717     3,677     977     2,664     3,641   
    Undistributed Earnings (Loss)          (2,345)            30   
    Less: Earnings (Loss) Allocated to Participating Securities          -0-             -0-   
    Undistributed Earnings (Loss) Allocated to Common
        Share Owners		  (661)    (1,684)    (2,345)    9     21     30   
    Net Income Available to Common Share Owners  $    299     $ 1,033     $    1,332     $    986     $  2,685     $    3,671   
    Average Diluted Common Shares Outstanding  10,653     27,163     37,816     10,847     26,680     37,527   
    Diluted Earnings Per Share  $  0.03     $  0.04         $  0.09     $    0.10       
Reconciliation of Basic and Diluted EPS Calculations:                        
    Net Income Used for Basic EPS Calculation  $    297     $ 1,035     $    1,332     $    981     $  2,690     $    3,671   
    Assumed Dividends Payable on Dilutive Shares:                      
        Performance shares  10     -0-     10     7     -0-     7   
    Increase (Reduction) of Undistributed Earnings (Loss) -
      allocated based on Class A and Class B shares		  (8)    (2)    (10)    (2)    (5)    (7)  
    Net Income Used for Diluted EPS Calculation  $    299     $ 1,033     $    1,332     $    986     $  2,685     $    3,671   
    Average Shares Outstanding for Basic
      EPS Calculation		  10,543     27,162     37,705     10,681     26,645     37,326   
    Dilutive Effect of Average Outstanding:                        
        Performance shares  110     1     111     79     2     81   
        Restricted share units  -0-     -0-     -0-     87     33     120   
    Average Shares Outstanding for Diluted EPS Calculation  10,653     27,163     37,816     10,847     26,680     37,527   
Included in dividends declared for the basic and diluted earnings per share computation for the six months ended December 31, 2009 are dividends computed and accrued on unvested Class A and Class B restricted share units, which were paid by a conversion to the equivalent value of common shares on the vesting date.  Restricted share units held by retirement-age participants at December 31, 2009 had a nonforfeitable right to dividends and were deducted from the above dividends and undistributed earnings figures allocable to common Share Owners. There were no restricted share units outstanding as of December 31, 2010.  
All of the 629,000 and 721,000 average stock options outstanding were antidilutive and were excluded from the dilutive calculation for the six months ended December 31, 2010 and 2009, respectively.  

KIMBALL INTERNATIONAL INC Reports