1 EXHIBIT 11 Briggs & Stratton Corporation and Subsidiaries Computation of Earnings Per Share of Common Stock Quarter Ended -------------------------------- March 30, 1997 March 31,1996 -------------- ------------- Computations for Statements of Income Primary earnings per share of common stock: Net income $ 46,514,000 $ 45,226,000 ============== ============= Average shares of common stock outstanding 28,927,000 28,927,000 Incremental common shares applicable to common stock options based on the average market price during the period 128,096 139,281 -------------- ------------- Average common shares, as adjusted 29,055,096 29,066,281 ============== ============= Earnings per share of common stock: $ 1.60 $ 1.56 ============== ============= Fully diluted earnings per share of common stock: Average shares of common stock outstanding 28,927,000 28,927,000 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 128,096 139,281 -------------- ------------- Average common shares assuming full dilution 29,055,096 29,066,281 ============== ============= Fully diluted earnings per average share of common stock, assuming conversion of all applicable securities $ 1.60 $ 1.56 ============== ============= Nine Months Ended ------------------------------- March 30, 1997 March 31,1996 -------------- ------------- Computations for Statements of Income Primary earnings per share of common stock: Net income $ 57,946,000 $ 65,850,000 ============== ============= Average shares of common stock outstanding 28,927,000 28,927,000 Incremental common shares applicable to common stock options based on the average market price during the period 123,406 131,833 -------------- ------------- Average common shares, as adjusted 29,050,406 29,058,833 ============== ============= Earnings per share of common stock: $ 1.99 $ 2.27 ============== ============= Fully diluted earnings per share of common stock: Average shares of common stock outstanding 28,927,000 28,927,000 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 126,896 138,883 -------------- ------------- Average common shares assuming full dilution 29,053,896 29,065,883 ============== ============= Fully diluted earnings per average share of common stock, assuming conversion of all applicable securities $ 1.99 $ 2.27 ============== ============= 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.