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. THREE MONTHS ENDED SIX MONTHS ENDED -------------------- ------------------- JUNE 27, JUNE 28, JUNE 27, JUNE 28, 1998 1997 1998 1997 ------- ------ ------ ------ Net earnings $30,625 19,307 45,362 27,854 ======= ====== ====== ====== Weighted-average common and dilutive potential common shares outstanding: Weighted-average common shares outstanding 52,327 51,807 52,272 51,792 Add weighted-average dilutive potential common shares - options to purchase common shares, net 797 371 754 453 ------- ------ ------ ------ Weighted-average common and dilutive potential common shares outstanding 53,124 52,178 53,026 52,245 ======= ====== ====== ====== Basic earnings per share $ 0.59 0.37 0.87 0.54 ======= ====== ====== ====== Diluted earnings per share $ 0.58 0.37 0.86 0.53 ======= ====== ====== ======