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 ----------------------------------------------------- April 1, March 26, April 1, March 26, 2001 2000 2001 2000 ------- ------- ------- -------- Computations for Statements of Income Net income $29,889 $42,056 $43,513 $108,903 ======= ======= ======= ======== Basic earnings per share of common stock: Average shares of common stock outstanding 21,599 22,842 21,600 23,021 ======= ======= ======= ======== Basic earnings per share of common stock $ 1.38 $ 1.84 $ 2.01 $ 4.73 ======= ======= ======= ======== Diluted earnings per share of common stock: Average shares of common stock outstanding 21,599 22,842 21,600 23,021 Incremental common shares applicable to common stock options based on the common stock average market price during the period 9 24 10 81 Incremental common shares applicable to restricted common stock based on the common stock average market price during the period 4 - 4 2 ------- ------- ------- -------- Average common shares assuming dilution 21,612 22,866 21,614 23,104 ======= ======= ======= ======== Fully diluted earnings per average share of common stock, assuming conversion of all applicable securities $ 1.38 $ 1.84 $ 2.01 $ 4.71 ======= ======= ======= ========