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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES
2001 Annual Report on Form 10-K
EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK
(In thousands except per share data)
Fiscal Year Ended
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July 1, 2001 July 2, 2000 June 27, 1999
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COMPUTATIONS FOR STATEMENTS OF INCOME
Basic earnings per share of common stock:
Net income $ 48,013 $ 136,473 $ 106,101
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Average shares of common stock outstanding 21,598 22,788 23,344
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Basic earnings per share of common stock $ 2.22 $ 5.99 $ 4.55
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Diluted earnings per share of common stock:
Net income $ 48,013 $ 136,473 $ 106,101
Adjustment to net income to add after-tax interest
expense on convertible notes 576 - -
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Adjusted net income $ 48,589 $ 136,473 $ 106,101
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Average shares of common stock outstanding 21,598 22,788 23,344
Incremental common shares applicable to
common stock options based on the common
stock average market price during the period 10 52 115
Incremental common shares applicable to
restricted common stock based on the common
stock average market price during the period 5 2 -
Incremental common shares applicable to
convertible notes based on the conversion
provisions of the convertible notes 353 - -
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Average common shares assuming dilution 21,966 22,842 23,459
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Fully diluted earnings per average share of
common stock, assuming conversion of all
applicable securities $ 2.21 $ 5.97 $ 4.52
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