1 EXHIBIT 11 BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK (In thousands except per share data) Quarter Ended Nine Months Ended ------------------------- ------------------------- March 26, March 28, March 26, March 28, 2000 1999 2000 1999 --------- --------- --------- --------- COMPUTATIONS FOR STATEMENTS OF INCOME Net income $42,056 $41,813 $108,903 $ 70,891 ======== ======== ======== ======== Basic earnings per share of common stock: Average shares of common stock outstanding 22,842 23,271 23,021 23,399 ======== ======== ======== ======== Basic earnings per share of common stock $ 1.84 $ 1.80 $ 4.73 $ 3.03 ======== ======== ======== ======== Diluted earnings per share of common stock: Average shares of common stock outstanding 22,842 23,271 23,021 23,399 Incremental common shares applicable to common stock options based on the common stock average market price during the period 24 84 81 80 Incremental common shares applicable to restricted common stock based on the common stock average market price during the period - 2 2 1 -------- -------- -------- -------- Average common shares assuming dilution 22,866 23,357 23,104 23,480 ======== ======== ======== ======== Fully diluted earnings per average share of common stock, assuming conversion of all applicable securities $ 1.84 $ 1.79 $ 4.71 $ 3.02 ======== ======== ======== ========