1 EXHIBIT 11 BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK (In thousands except per share data) Quarter Ended -------------------------------- September 28, September 29, 1997 1996 ---- ---- COMPUTATIONS FOR STATEMENTS OF INCOME Primary earnings per share of common stock: Net loss $ (2,632) $ (5,262) ======== ======== Average shares of common stock outstanding 25,165 28,927 Incremental common shares applicable to common stock options based on the average market price during the period 150 131 -------- -------- Average common shares, as adjusted 25,315 29,058 ======== ======== Earnings per share of common stock $ (0.10) $ (0.18) ======== ======== Fully diluted earnings per share of common stock: Average shares of common stock outstanding 25,165 28,927 Incremental common shares applicable to common stock options based on the more dilutive of the common stock ending or average market price during the period 150 137 -------- -------- Average common shares assuming full dilution 25,315 29,064 ======== ======== Fully diluted earnings per average share of common stock, assuming conversion of all applicable securities $ (0.10) $ (0.18) ======== ======== Note: The dilutive effect of stock options is less than 3% and, accordingly, presentation is not required under Accounting Principles Board Opinion No. 15. The above is presented to comply with Securities and Exchange Commission regulations.