1 EXHIBIT 11 BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK (IN THOUSAND EXCEPT PER SHARE DATA) Quarter Ended Six Months Ended ---------------------------------------- ------------------------------------ December 28, December 29, December 28, December 29, 1997 1996 1997 1996 ------------ ------------ ------------ ------------ COMPUTATIONS FOR STATEMENTS OF INCOME Net income $ 10,294 $ 16,694 $ 7,662 $ 11,432 =============== =============== =============== =============== Basic earnings per share of common stock: Average shares of common stock outstanding 24,903 28,927 25,034 28,927 =============== =============== =============== =============== Basic earnings per share of common stock $ 0.41 $ 0.58 $ 0.31 $ 0.40 =============== =============== =============== =============== Diluted earnings per share of common stock: Average shares of common stock outstanding 24,903 28,927 25,034 28,927 Incremental common shares applicable to common stock options 151 127 155 127 --------------- --------------- --------------- --------------- Average common shares assuming dilution 25,054 29,054 25,189 29,054 =============== =============== =============== =============== Diluted earnings per share of common stock $ 0.41 $ 0.57 $ 0.30 $ 0.39 =============== =============== =============== ===============