Attached files
| file | filename |
|---|---|
| EX-31.1 - KIMBALL INTERNATIONAL, INC. EXHIBIT 31.1 - KIMBALL INTERNATIONAL INC | exhibit31103312016q3.htm |
| EX-32.1 - KIMBALL INTERNATIONAL, INC. EXHIBIT 32.1 - KIMBALL INTERNATIONAL INC | exhibit32103312016q3.htm |
| EX-32.2 - KIMBALL INTERNATIONAL, INC. EXHIBIT 32.2 - KIMBALL INTERNATIONAL INC | exhibit32203312016q3.htm |
| EX-31.2 - KIMBALL INTERNATIONAL, INC. EXHIBIT 31.2 - KIMBALL INTERNATIONAL INC | exhibit31203312016q3.htm |
| 10-Q - KIMBALL INTERNATIONAL, INC. FORM 10-Q - KIMBALL INTERNATIONAL INC | kbal10q03312016q3.htm |
Exhibit 11
KIMBALL INTERNATIONAL, INC.
COMPUTATION OF EARNINGS PER SHARE
As a result of the October 30, 2014 stock unification, all distinctions between Class A common stock and Class B common stock were eliminated so that all shares of Class B common stock are equal to shares of Class A common stock with respect to all matters, including without limitation, dividend payments and voting rights. Therefore, beginning in fiscal year 2016 the earnings per share calculation includes all common stock in a single calculation.
EARNINGS PER SHARE FROM CONTINUING OPERATIONS
(Unaudited) | Three Months Ended | Three Months Ended | |||||||||||||||||
(Amounts in Thousands, Except for Per Share Data) | March 31, 2016 | March 31, 2015 | |||||||||||||||||
Class A | Class B | Total | |||||||||||||||||
Basic Earnings Per Share from Continuing Operations: | |||||||||||||||||||
Dividends Declared | $ | 2,072 | $ | 43 | $ | 1,896 | $ | 1,939 | |||||||||||
Undistributed Earnings | 685 | 79 | 2,864 | 2,943 | |||||||||||||||
Income from Continuing Operations | $ | 2,757 | $ | 122 | $ | 4,760 | $ | 4,882 | |||||||||||
Average Basic Shares Outstanding | 37,439 | 1,046 | 37,701 | 38,747 | |||||||||||||||
Basic Earnings Per Share from Continuing Operations | $ | 0.07 | $ | 0.12 | $ | 0.13 | |||||||||||||
Diluted Earnings Per Share from Continuing Operations: | |||||||||||||||||||
Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 2,086 | $ | 43 | $ | 1,915 | $ | 1,958 | |||||||||||
Undistributed Earnings | 671 | 78 | 2,846 | 2,924 | |||||||||||||||
Income from Continuing Operations | $ | 2,757 | $ | 121 | $ | 4,761 | $ | 4,882 | |||||||||||
Average Diluted Shares Outstanding | 37,707 | 1,046 | 38,069 | 39,115 | |||||||||||||||
Diluted Earnings Per Share from Continuing Operations | $ | 0.07 | $ | 0.12 | $ | 0.13 | |||||||||||||
Reconciliation of Basic and Diluted EPS from Continuing Operations Calculations: | |||||||||||||||||||
Income from Continuing Operations Used for Basic EPS Calculation | $ | 2,757 | $ | 122 | $ | 4,760 | $ | 4,882 | |||||||||||
Assumed Dividends Payable on Dilutive Shares | 14 | — | 19 | 19 | |||||||||||||||
Increase (Reduction) in Undistributed Earnings (Loss) - allocated based on Class A and Class B shares | (14 | ) | (1 | ) | (18 | ) | (19 | ) | |||||||||||
Income from Continuing Operations Used for Diluted EPS Calculation | $ | 2,757 | $ | 121 | $ | 4,761 | $ | 4,882 | |||||||||||
Average Shares Outstanding for Basic EPS Calculation | 37,439 | 1,046 | 37,701 | 38,747 | |||||||||||||||
Dilutive Effect of Average Outstanding Compensation Awards | 268 | — | 368 | 368 | |||||||||||||||
Average Shares Outstanding for Diluted EPS Calculation | 37,707 | 1,046 | 38,069 | 39,115 | |||||||||||||||
(Unaudited) | Nine Months Ended | Nine Months Ended | |||||||||||||||||
(Amounts in Thousands, Except for Per Share Data) | March 31, 2016 | March 31, 2015 | |||||||||||||||||
Class A | Class B | Total | |||||||||||||||||
Basic Earnings Per Share from Continuing Operations: | |||||||||||||||||||
Dividends Declared | $ | 6,214 | $ | 517 | $ | 5,276 | $ | 5,793 | |||||||||||
Undistributed Earnings | 8,667 | 64 | 541 | 605 | |||||||||||||||
Income from Continuing Operations | $ | 14,881 | $ | 581 | $ | 5,817 | $ | 6,398 | |||||||||||
Average Basic Shares Outstanding | 37,458 | 4,110 | 34,663 | 38,773 | |||||||||||||||
Basic Earnings Per Share from Continuing Operations | $ | 0.40 | $ | 0.14 | $ | 0.17 | |||||||||||||
Diluted Earnings Per Share from Continuing Operations: | |||||||||||||||||||
Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 6,282 | $ | 517 | $ | 5,325 | $ | 5,842 | |||||||||||
Undistributed Earnings | 8,599 | 58 | 498 | 556 | |||||||||||||||
Income from Continuing Operations | $ | 14,881 | $ | 575 | $ | 5,823 | $ | 6,398 | |||||||||||
Average Diluted Shares Outstanding | 37,869 | 4,110 | 34,992 | 39,102 | |||||||||||||||
Diluted Earnings Per Share from Continuing Operations | $ | 0.39 | $ | 0.14 | $ | 0.17 | |||||||||||||
Reconciliation of Basic and Diluted EPS from Continuing Operations Calculations: | |||||||||||||||||||
Income from Continuing Operations Used for Basic EPS Calculation | $ | 14,881 | $ | 581 | $ | 5,817 | $ | 6,398 | |||||||||||
Assumed Dividends Payable on Dilutive Shares | 68 | — | 49 | 49 | |||||||||||||||
Increase (Reduction) in Undistributed Earnings (Loss) - allocated based on Class A and Class B shares | (68 | ) | (6 | ) | (43 | ) | (49 | ) | |||||||||||
Income from Continuing Operations Used for Diluted EPS Calculation | $ | 14,881 | $ | 575 | $ | 5,823 | $ | 6,398 | |||||||||||
Average Shares Outstanding for Basic EPS Calculation | 37,458 | 4,110 | 34,663 | 38,773 | |||||||||||||||
Dilutive Effect of Average Outstanding Compensation Awards | 411 | — | 329 | 329 | |||||||||||||||
Average Shares Outstanding for Diluted EPS Calculation | 37,869 | 4,110 | 34,992 | 39,102 | |||||||||||||||
EARNINGS PER SHARE FROM DISCONTINUED OPERATIONS
(Unaudited) | Three Months Ended | Three Months Ended | |||||||||||
March 31, 2016 | March 31, 2015 | ||||||||||||
Class A | Class B | ||||||||||||
Basic Earnings Per Share | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||
Diluted Earnings Per Share | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||
Nine Months Ended | Nine Months Ended | ||||||||||||
March 31, 2016 | March 31, 2015 | ||||||||||||
Class A | Class B | ||||||||||||
Basic Earnings Per Share | $ | 0.00 | $ | 0.24 | $ | 0.23 | |||||||
Diluted Earnings Per Share | $ | 0.00 | $ | 0.23 | $ | 0.23 | |||||||
EARNINGS PER SHARE (INCLUDING DISCONTINUED OPERATIONS)
(Unaudited) | Three Months Ended | Three Months Ended | |||||||||||||||||
(Amounts in Thousands, Except for Per Share Data) | March 31, 2016 | March 31, 2015 | |||||||||||||||||
Class A | Class B | Total | |||||||||||||||||
Basic Earnings Per Share: | |||||||||||||||||||
Dividends Declared | $ | 2,072 | $ | 43 | $ | 1,896 | $ | 1,939 | |||||||||||
Undistributed Earnings | 685 | 79 | 2,864 | 2,943 | |||||||||||||||
Net Income | $ | 2,757 | $ | 122 | $ | 4,760 | $ | 4,882 | |||||||||||
Average Basic Shares Outstanding | 37,439 | 1,046 | 37,701 | 38,747 | |||||||||||||||
Basic Earnings Per Share | $ | 0.07 | $ | 0.12 | $ | 0.13 | |||||||||||||
Diluted Earnings Per Share: | |||||||||||||||||||
Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 2,086 | $ | 43 | $ | 1,915 | $ | 1,958 | |||||||||||
Undistributed Earnings | 671 | 78 | 2,846 | 2,924 | |||||||||||||||
Net Income | $ | 2,757 | $ | 121 | $ | 4,761 | $ | 4,882 | |||||||||||
Average Diluted Shares Outstanding | 37,707 | 1,046 | 38,069 | 39,115 | |||||||||||||||
Diluted Earnings Per Share | $ | 0.07 | $ | 0.12 | $ | 0.13 | |||||||||||||
(Unaudited) | Nine Months Ended | Nine Months Ended | |||||||||||||||||
(Amounts in Thousands, Except for Per Share Data) | March 31, 2016 | March 31, 2015 | |||||||||||||||||
Class A | Class B | Total | |||||||||||||||||
Basic Earnings Per Share: | |||||||||||||||||||
Dividends Declared | $ | 6,214 | $ | 517 | $ | 5,276 | $ | 5,793 | |||||||||||
Undistributed Earnings | 8,667 | 1,035 | 8,727 | 9,762 | |||||||||||||||
Net Income | $ | 14,881 | $ | 1,552 | $ | 14,003 | $ | 15,555 | |||||||||||
Average Basic Shares Outstanding | 37,458 | 4,110 | 34,663 | 38,773 | |||||||||||||||
Basic Earnings Per Share | $ | 0.40 | $ | 0.38 | $ | 0.40 | |||||||||||||
Diluted Earnings Per Share: | |||||||||||||||||||
Dividends Declared and Assumed Dividends on Dilutive Shares | $ | 6,282 | $ | 517 | $ | 5,325 | $ | 5,842 | |||||||||||
Undistributed Earnings | 8,599 | 1,021 | 8,692 | 9,713 | |||||||||||||||
Net Income | $ | 14,881 | $ | 1,538 | $ | 14,017 | $ | 15,555 | |||||||||||
Average Diluted Shares Outstanding | 37,869 | 4,110 | 34,992 | 39,102 | |||||||||||||||
Diluted Earnings Per Share | $ | 0.39 | $ | 0.37 | $ | 0.40 | |||||||||||||