EXHIBIT 11 VF CORPORATION COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED -------------------------- APRIL 2 APRIL 3 1994 1993 --------- -------- PRIMARY EARNINGS PER SHARE - - -------------------------- Net income $ 52,898 $ 52,729 Less preferred stock dividends 783 777 -------- -------- Net income available to common stockholders $ 52,115 $ 51,952 ======== ======== Average number of common shares outstanding 64,532 62,842 ====== ====== Primary earnings per share $0.81 $0.83 ===== ===== FULLY DILUTED EARNINGS PER SHARE - - -------------------------------- Net income $ 52,898 $ 52,729 Increased ESOP contribution required if preferred stock were converted to common 379 396 -------- -------- Fully diluted earnings $ 52,519 $ 52,333 ======== ======== Average number of common shares outstanding 64,532 62,842 Additional common equivalent shares resulting from: Conversion of preferred stock 1,634 1,654 Dilutive effect of stock options 347 461 ------ ------ Average number of common and common equivalent shares 66,513 64,957 ====== ====== Fully diluted earnings per share $0.79 $0.81 ===== =====
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