SHAW INDUSTRIES, INC. EXHIBIT 11
COMPUTATION OF PER SHARE EARNINGS
FOR THE YEARS
ENDED DECEMBER 28, 1996, DECEMBER 30, 1995 and DECEMBER 31, 1994
(In Thousands, Except Share Data)
1996 1995 1994
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PRIMARY:
Weighted average common shares outstanding 135,731 135,872 141,432
Additional shares assuming exercise of stock options 178 506 1,051
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Average common shares outstanding, as adjusted 135,909 136,378 142,483
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Income before extraordinary item and accounting change $34,023 $64,381 $130,389
Extraordinary item, net of tax benefit - - (3,363)
Cumulative effect of accounting change, net of tax benefit - (12,077) -
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Net income $34,023 $52,304 $127,026
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Earnings per Common Share:
Income before extraordinary item and accounting change $0.25 $0.47 $0.92
Extraordinary item, net of tax benefit - - (0.02)
Cumulative effect of accounting change, net of tax benefit - (0.09) -
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Net income $0.25 $0.38 $0.89
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FULLY DILUTED:
Weighted average common shares outstanding 135,731 135,872 141,432
Additional shares assuming exercise of stock options 178 506 1,058
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Average common shares outstanding, as adjusted 135,909 136,378 142,490
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Income before extraordinary item and accounting change $34,023 $64,381 $130,389
Extraordinary item, net of tax benefit - - (3,363)
Cumulative effect of accounting change, net of tax benefit - (12,077) -
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Net income $34,023 $52,304 $127,026
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Earnings per Common Share:
Income before extraordinary item and accounting change $0.25 $0.47 $0.92
Extraordinary item, net of tax benefit - - (0.02)
Cumulative effect of accounting change, net of tax benefit - (0.09) -
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Net income $0.25 $0.38 $0.89
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