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 ------------------------------------------------------------ March 31, 2001 April 1, 2000 ---------------------------- ----------------------- Net earnings $ 27,206 33,997 ============================ ======================= Weighted-average common and dilutive potential common shares outstanding: Weighted-average common shares outstanding 52,361 55,611 Add weighted-average dilutive potential common shares - options to purchase common shares, net 609 486 ---------------------------- ----------------------- Weighted-average common and dilutive potential common shares outstanding 52,970 56,097 Basic earnings per share $ 0.52 0.61 ============================ ======================= Diluted earnings per share $ 0.51 0.61 ============================ =======================