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)(11) and APB Opinion No. 15. Three Months Ended Nine Months Ended ----------------------------- ----------------------------- September 27, September 28, September 27, September 28, 1997 1996 1997 1996 ------------- ------------- ------------- ------------- Net earnings $20,853 14,800 48,707 36,533 ======= ======= ======= ======= Weighted average common and common equivalent shares outstanding: Weighted average common shares outstanding 34,623 34,392 34,560 34,074 Add weighted average common equivalent shares - options to purchase common shares, net 346 431 317 405 ------- ------- ------- ------- Weighted average common and common equivalent shares outstanding 34,969 34,823 34,877 34,479 ======= ======= ======= ======= Earnings per common and common equivalent share $ 0.60 0.43 1.40 1.06 ======= ======= ======= =======