1 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 ------------------------------------ ------------------------------------ March 29, 1998 March 30, 1997 March 29, 1998 March 30, 1997 ----------------- ------------------ ----------------- ------------------ Computations for Statements of Income Net income $ 35,778 $ 46,514 $ 43,440 $ 57,946 =========== =========== =========== =========== Basic earnings per share of common stock: Average shares of common stock outstanding 24,514 28,927 24,861 28,927 =========== =========== =========== =========== Basic earnings per share of common stock: $ 1.46 $ 1.60 $ 1.75 $ 2.00 =========== =========== =========== =========== Diluted earnings per share of common stock: Average shares of common stock outstanding 24,514 28,927 24,861 28,927 Incremental common shares applicable to common stock options 86 128 147 123 ----------- ----------- ----------- ----------- Average common shares assuming dilution 24,600 29,055 25,008 29,050 =========== =========== =========== =========== Diluted earnings per average share of common stock $ 1.45 $ 1.60 $ 1.74 $ 1.99 =========== =========== =========== ===========