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 --------------------------------------------- October 2, 1999 September 26, 1998 --------------- ------------------ Net earnings $ 45,079 37,060 =============== ================== Weighted-average common and dilutive potential common shares outstanding: Weighted-average common shares outstanding 60,600 60,435 Add weighted-average dilutive potential common shares - options to purchase common shares, net 514 734 --------------- ------------------ Weighted-average common and dilutive potential common shares outstanding 61,114 61,169 =============== ================== Basic earnings per share $ 0.74 0.61 =============== ================== Diluted earnings per share $ 0.74 0.61 =============== ================== Nine Months Ended ---------------------------------------------- October 2, 1999 September 26, 1998 --------------- ------------------ Net earnings $ 117,064 90,142 =============== ================== Weighted-average common and dilutive potential common shares outstanding: Weighted-average common shares outstanding 60,586 60,359 Add weighted-average dilutive potential common shares - options to purchase common shares, net 632 748 --------------- ------------------ Weighted-average common and dilutive potential common shares outstanding 61,218 61,107 =============== ================== Basic earnings per share $ 1.93 1.49 =============== ================== Diluted earnings per share $ 1.91 1.48 =============== ==================