MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES EXHIBIT 11 Statement Re: Computation Of Per Share Earnings (In thousands, except per share data) Note: Earnings per share presented in the first table is in accordance with Regulation S-K, Item 601(b)(11), while earnings per share on the Company's consolidated statements of earnings presented in the second table is in accordance with FAS No. 128. Years Ended December 31, 1999 1998 1997 ----------------- ----------------- ----------------- Regulation S-K: Net earnings....................................................... $ 157,239 115,254 79,563 ================= ================= ================= Weighted-average common and dilutive potential common shares outstanding: Weighted-average common shares outstanding....................... 59,730 60,393 59,962 Add weighted-average dilutive potential common shares - options to purchase common shares, net.................................. 619 741 491 Weighted-average common and dilutive potential common ----------------- ----------------- ----------------- shares outstanding............................................... 60,349 61,134 60,453 ================= ================= ================= Basic earnings per share........................................... $ 2.63 1.91 1.33 ================= ================= ================= Diluted earnings per share......................................... $ 2.61 1.89 1.32 ================= ================= ================= FAS No. 128: Net earnings....................................................... $ 157,239 115,254 79,563 ================= ================= ================= Weighted-average common and dilutive potential common shares outstanding: Weighted-average common shares outstanding....................... 59,730 60,393 59,962 Add weighted-average dilutive potential common shares - options to purchase common shares, net.................................. 619 741 491 Weighted-average common and dilutive potential common shares ----------------- ----------------- ----------------- outstanding...................................................... 60,349 61,134 60,453 ================= ================= ================= Basic earnings per share........................................... $ 2.63 1.91 1.33 ================= ================= ================= Diluted earnings per share......................................... $ 2.61 1.89 1.32 ================= ================= =================