HORACE MANN EDUCATORS CORP /DE/ - FORM 10-Q - EX-11 - STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS - August 9, 2011

Attached files

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10-Q - FORM 10-Q - HORACE MANN EDUCATORS CORP /DE/d10q.htm
EX-15 - KPMG LLP LETTER REGARDING UNAUDITED INTERIM FINANCIAL INFORMATION - HORACE MANN EDUCATORS CORP /DE/dex15.htm
EX-31.1 - SECTION 302 CERTIFICATION OF CEO - HORACE MANN EDUCATORS CORP /DE/dex311.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CEO - HORACE MANN EDUCATORS CORP /DE/dex321.htm
EX-31.2 - SECTION 302 CERTIFICATION OF CFO - HORACE MANN EDUCATORS CORP /DE/dex312.htm
EX-32.2 - SECTION 906 CERTIFICATION OF CFO - HORACE MANN EDUCATORS CORP /DE/dex322.htm
EX-10.7.(A) - SPECIMEN INCENTIVE STOCK OPTION AGREEMENT FOR SECTION 16 OFFICERS - HORACE MANN EDUCATORS CORP /DE/dex107a.htm
EX-10.7.(B) - SPECIMEN INCENTIVE STOCK OPTION AGREEMENT FOR NON-SECTION 16 OFFICERS - HORACE MANN EDUCATORS CORP /DE/dex107b.htm
EX-10.7.(C) - SPECIMEN EMPLOYEE SERVICE-VESTED RESTRICTED STOCK UNITS AGREEMENT - HORACE MANN EDUCATORS CORP /DE/dex107c.htm
EX-10.7.(D) - SPECIMEN EMPLOYEE PERFORMANCE-BASED RESTRICTED STOCK UNITS AGREEMENT - HORACE MANN EDUCATORS CORP /DE/dex107d.htm
EX-10.12 - SUMMARY OF HMEC NAMED EXECUTIVE OFFICER ANNUALIZED SALARIES - HORACE MANN EDUCATORS CORP /DE/dex1012.htm
EX-10.14.(A) - REVISED SCHEDULE TO CHANGE IN CONTROL AGREEMENT - HORACE MANN EDUCATORS CORP /DE/dex1014a.htm
EXCEL - IDEA: XBRL DOCUMENT - HORACE MANN EDUCATORS CORP /DE/Financial_Report.xls
EX-99.1 - GLOSSARY OF SELECTED TERMS - HORACE MANN EDUCATORS CORP /DE/dex991.htm

Exhibit 11

Horace Mann Educators Corporation

Computation of Net Income (Loss) per Share (Unaudited)

For the Three and Six Months Ended June 30, 2011 and 2010

(Amounts in thousands, except per share data)

 

    

Three Months Ended
June 30,

     

Six Months Ended
June 30,

  
    

    2011    

     

  2010  

     

  2011  

     

  2010  

  

Basic – assumes no dilution:

            

Net income (loss)

      $(11,817)            $22,981         $14,124         $45,584   

Weighted average number of common shares outstanding during the period

        39,893              39,263           39,822           39,235   

Net income (loss) per share – basic

      $    (0.30)            $    0.59         $    0.35         $    1.16   

Diluted – assumes full dilution:

            

Net income (loss)

      $(11,817)            $22,981         $14,124         $45,584   

Weighted average number of common shares outstanding during the period

          39,893              39,263           39,822           39,235   

Weighted average number of common equivalent shares to reflect the dilutive effect of common stock equivalent securities (1):

            

Stock options

      -             274         267         228   

Common stock units related to deferred compensation for Directors

      -             106         111         106   

Common stock units related to deferred compensation for Employees

      -             193         113         193   

Restricted common stock units related to incentive compensation

                    -                 1,093             1,133             1,093   

Total common and common equivalent shares adjusted to calculate diluted earnings per share

          39,893              40,929           41,446           40,855   

Net income (loss) per share – diluted

      $    (0.30)            $    0.56         $    0.34         $    1.12   

 

 

(1) As a result of the Company’s net loss for the three months ended June 30, 2011, common equivalent shares are excluded from diluted shares due to their antidilutive effect for this period.

HORACE MANN EDUCATORS CORP /DE/ Reports