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 -------------------- July 3, June 27, 1999 1998 ------- ------- Net earnings $44,093 35,947 ======= ====== Weighted-average common and dilutive potential common shares outstanding: Weighted-average common shares outstanding 60,593 60,377 Add weighted-average dilutive potential common shares - options to purchase common shares, net 664 797 ------- ------- Weighted-average common and dilutive potential common shares outstanding 61,257 61,174 ======= ======= Basic earnings per share $ 0.73 0.60 ======= ======= Diluted earnings per share $ 0.72 0.59 ======= ======= Six Months Ended -------------------- July 3, June 27, 1999 1998 ------- ------- Net earnings $71,985 53,082 ======= ======= Weighted-average common and dilutive potential common shares outstanding: Weighted-average common shares outstanding 60,579 60,322 Add weighted-average dilutive potential common shares - options to purchase common shares, net 692 754 ------- ------- Weighted-average common and dilutive potential common shares outstanding 61,271 61,076 ======= ======= Basic earnings per share $ 1.19 0.88 ======= ======= Diluted earnings per share $ 1.17 0.87 ======= ======= 17