EXHIBIT 11
BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK
(In thousands except per share data)
Quarter Ended
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September 30, October 1,
2001 2000
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COMPUTATIONS FOR STATEMENTS OF INCOME
Basic earnings per share of common stock:
Net loss $(17,424) $ (6,304)
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Average shares of common stock outstanding 21,600 21,612
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Basic earnings per share of common stock $ (0.81) $ (0.29)
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Diluted earnings per share of common stock:
Net loss $(17,424) $ (6,304)
Adjustment to net loss to add after-tax interest
expense on convertible notes 1,138 --
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Adjusted net loss $(16,286) $ (6,304)
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Average shares of common stock outstanding 21,600 21,612
Incremental common shares applicable to
common stock options based on the common
stock average market price during the period 9 13
Incremental common shares applicable to
restricted common stock based on the common
stock average market price during the period 4 4
Incremental common shares applicable to
convertible notes based on the conversion
provisions of the convertible notes* -- --
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Average common shares assuming dilution 21,613 21,629
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Fully diluted earnings per average share of
common stock, assuming conversion of all
applicable securities $ (0.81) $ (0.29)
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*Antidilutive for the quarter