EX-11 4 c66071ex11.txt COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK EXHIBIT 11 BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK (In thousands except per share data)
Quarter Ended ------------- September 30, October 1, 2001 2000 ---- ---- COMPUTATIONS FOR STATEMENTS OF INCOME Basic earnings per share of common stock: Net loss $(17,424) $ (6,304) ======== ======== Average shares of common stock outstanding 21,600 21,612 ======== ======== Basic earnings per share of common stock $ (0.81) $ (0.29) ======== ======== Diluted earnings per share of common stock: Net loss $(17,424) $ (6,304) Adjustment to net loss to add after-tax interest expense on convertible notes 1,138 -- -------- -------- Adjusted net loss $(16,286) $ (6,304) ======== ======== Average shares of common stock outstanding 21,600 21,612 Incremental common shares applicable to common stock options based on the common stock average market price during the period 9 13 Incremental common shares applicable to restricted common stock based on the common stock average market price during the period 4 4 Incremental common shares applicable to convertible notes based on the conversion provisions of the convertible notes* -- -- -------- -------- Average common shares assuming dilution 21,613 21,629 ======== ======== Fully diluted earnings per average share of common stock, assuming conversion of all applicable securities $ (0.81) $ (0.29) ======== ========
*Antidilutive for the quarter