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)(11) and FAS No. 128. All share and per share amounts reflect a 3- for-2 stock split. Three Months Ended ------------------------------- March 28, March 29, 1998 1997 ------------- ------------ Net earnings $ 14,737 8,547 ============= ============ Weighted-average common and dilutive potential common shares outstanding: Weighted-average common 52,216 51,779 shares outstanding Add weighted-average dilutive potential common shares - options to purchase common shares, net 711 535 ------------- ------------ Weighted-average common and dilutive potential common shares outstanding 52,927 52,314 ============= ============ Basic earnings per share $ 0.28 0.17 ============= ============ Diluted earnings per share $ 0.28 0.16 ============= ============