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
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March 31, April 1, March 31, April 1,
2002 2001 2002 2001
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COMPUTATIONS FOR STATEMENTS OF INCOME
Basic earnings per share of common stock:
Net income $37,614 $29,889 $22,569 $43,513
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Average shares of common stock outstanding 21,620 21,599 21,608 21,600
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Basic earnings per share of common stock $ 1.74 $ 1.38 $ 1.04 $ 2.01
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Diluted earnings per share of common stock:
Net income $37,614 $29,889 $22,569 $43,513
Adjustment to net income to add after-tax interest
expense on convertible notes 1,138 -- -- --
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Adjusted net income $38,752 $29,889 $22,569 $43,513
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Average shares of common stock outstanding 21,620 21,599 21,608 21,600
Incremental common shares applicable to
common stock options based on the common
stock average market price during the period 5 9 7 10
Incremental common shares applicable to
restricted common stock based on the common
stock average market price during the period 5 4 5 4
Incremental common shares applicable to
convertible notes based on the conversion
provisions of the convertible notes 2,826 -- -- --
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Average common shares assuming dilution 24,456 21,612 21,620 21,614
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Fully diluted earnings per average share of
common stock, assuming conversion of all
applicable securities $ 1.58 $ 1.38 $ 1.04 $ 2.01
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