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Exhibit 11
OIL-DRI CORPORATION OF AMERICA
COMPUTATION OF NET INCOME PER SHARE
(IN THOUSANDS EXCEPT FOR PER SHARE AMOUNTS)
<TABLE>
<CAPTION>
YEAR ENDED JULY 31
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2000 1999 1998 1997 1996
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<S> <C> <C> <C> <C> <C>
Net income available to stockholders $2,227 $7,176 $4,723 $6,793 $3,374
(numerator) ====== ====== ====== ====== ======
Shares Calculation
(denominator)
Average shares outstanding -
basic 5,647 5,827 6,125 6,596 6,806
Effect of Dilutive Securities:
Potential Common Stock relating
to stock options 30 169 40 3 1
------ ------ ------ ------ ------
Average shares outstanding -
assuming dilution 5,677 5,996 6,165 6,599 6,807
====== ====== ====== ====== ======
Net Income Per Share:
Basic $ 0.39 $ 1.23 $ 0.77 $ 1.03 $ 0.50
====== ====== ====== ====== ======
Dilutive $ 0.39 $ 1.20 $ 0.77 $ 1.03 $ 0.50
====== ====== ====== ====== ======
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