EXHIBIT 11 MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (In thousands, except per share data) (Unaudited) Note: Earnings per share are presented in accordance with Regulation S-K Item 601 (b) and FAS No. 128. Three Months Ended ----------------------------------------------------------- July 1, 2000 July 3, 1999 --------------------------- -------------------------- Net earnings $ 47,203 44,093 =========================== ========================== Weighted-average common and dilutive potential common shares outstanding: Weighted-average common shares outstanding 53,836 60,593 Add weighted-average dilutive potential common shares - options to purchase common shares, net 500 664 --------------------------- -------------------------- Weighted-average common and dilutive potential common shares outstanding 54,336 61,257 =========================== ========================== Basic earnings per share $ 0.88 0.73 =========================== ========================== Diluted earnings per share $ 0.87 0.72 =========================== ========================== Six Months Ended ----------------------------------------------------------- July 1, 2000 July 3, 1999 --------------------------- -------------------------- Net earnings $ 81,200 71,985 =========================== ========================== Weighted-average common and dilutive potential common shares outstanding: Weighted-average common shares outstanding 54,723 60,579 Add weighted-average dilutive potential common shares - options to purchase common shares, net 494 692 --------------------------- -------------------------- Weighted-average common and dilutive potential common shares outstanding 55,217 61,271 =========================== ========================== Basic earnings per share $ 1.48 1.19 =========================== ========================== Diluted earnings per share $ 1.47 1.17 =========================== ==========================