EX-11 3 c57236ex11.txt COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK 1 EXHIBIT 11 BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK (In thousands except per share data)
Fiscal Year Ended ------------------------------------------------------------ July 2, 2000 June 27, 1999 June 28, 1998 ----------------- ------------------ ------------------ COMPUTATIONS FOR STATEMENTS OF INCOME Net income $ 136,473 $ 106,101 $ 70,645 ================= ================== ================== Basic earnings per share of common stock: Average shares of common stock outstanding 22,788 23,344 24,666 ================= ================== ================== Basic earnings per share of common stock $ 5.99 $ 4.55 $ 2.86 ================= ================== ================== Diluted earnings per share of common stock: Average shares of common stock outstanding 22,788 23,344 24,666 Incremental common shares applicable to common stock options based on the common stock average market price during the period 52 114 109 Incremental common shares applicable to restricted common stock based on the common stock average market price during the period 2 - - ----------------- ------------------ ------------------ Average common shares assuming dilution 22,842 23,459 24,775 ================= ================== ================== Fully diluted earnings per average share of common stock, assuming conversion of all applicable securities $ 5.97 $ 4.52 $ 2.85 ================= ================== ==================