1 EXHIBIT 11 BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK (In thousands except per share data) Quarter Ended Six Months Ended ------------------------------------ --------------------------------- December 31, December 26, December 31, December 26, 2000 1999 2000 1999 ------------------ ----------------- ----------------- -------------- COMPUTATIONS FOR STATEMENTS OF INCOME Net income $ 19,928 $ 41,144 $ 13,624 $ 66,847 =============== =============== ================= ============== Basic earnings per share of common stock: Average shares of common stock outstanding 21,598 23,092 21,602 23,120 =============== =============== =============== ============== Basic earnings per share of common stock $ 0.92 $ 1.78 $ 0.63 $ 2.89 =============== =============== =============== ============== Diluted earnings per share of common stock: Average shares of common stock outstanding 21,598 23,092 21,602 23,120 Incremental common shares applicable to common stock options based on the common stock average market price during the period 9 97 11 133 Incremental common shares applicable to restricted common stock based on the common stock average market price during the period 2 1 4 1 --------------- --------------- --------------- -------------- Average common shares assuming dilution 21,609 23,190 21,617 23,254 =============== =============== =============== ============== Fully diluted earnings per average share of common stock, assuming conversion of all applicable securities $ 0.92 $ 1.77 $ 0.63 $ 2.87 =============== =============== =============== ==============