EXHIBIT 11
MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES
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 APB Opinion No. 15. Common equivalent shares outstanding
for the fourth quarter of 1995 (912 equivalent shares) and the first
quarter of 1994 (1,358 equivalent shares) are excluded from the earnings
per share computation on the Company's consolidated statements of earnings
for 1995 and 1994 as the effect on loss per share for such quarters would
have been anti-dilutive.
Years Ended December 31,
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1996 1995 1994
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Regulation S-K:
Net earnings............................................................. $49,050 6,412 33,007
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Weighted average common and common equivalent shares outstanding:
Weighted average common shares outstanding......................... 34,173 32,790 32,445
Add weighted average common equivalent shares - options to purchase
common shares, net............................................... 393 1,061 1,269
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Weighted average common and common equivalent shares outstanding......... 34,566 33,851 33,714
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Earnings per common and common equivalent share.......................... $ 1.42 0.19 0.98
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APB Opinion No. 15:
Net earnings............................................................ $49,050 6,412 33,007 $
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Weighted average common and common equivalent shares outstanding:
Weighted average common shares outstanding......................... 34,173 32,790 32,445
Add weighted average common equivalent shares - options to purchase
common shares, net............................................... 393 833 929
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Weighted average common and common equivalent shares outstanding......... 34,566 33,623 33,374
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Earnings per common and common equivalent share.......................... $ 1.42 0.19 0.99
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