Exhibit 11 VF CORPORATION COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED NINE MONTHS ENDED -------------------------- ---------------------------- OCTOBER 1 OCTOBER 2 OCTOBER 1 OCTOBER 2 1994 1993 1994 1993 --------- --------- --------- --------- PRIMARY EARNINGS PER SHARE Net income $87,804 $76,815 $199,618 $185,275 Less preferred stock dividends 849 775 2,548 2,331 ------- ------- -------- -------- Net income available to common stockholders $86,955 $76,040 $197,070 $182,944 ======= ======= ======== ======== Average number of common shares outstanding 64,707 64,412 64,628 63,861 ======= ======= ======== ======== Primary earnings per share $1.34 $1.18 $3.05 $2.86 ===== ===== ===== ===== FULLY DILUTED EARNINGS PER SHARE Net income $87,804 $76,815 $199,618 $185,275 Increased ESOP contribution required if preferred stock were converted to common 384 398 1,147 1,181 ------- ------- -------- -------- Fully diluted earnings $87,420 $76,417 $198,471 $184,094 ======= ======= ======== ======== Average number of common shares outstanding 64,707 64,412 64,628 63,861 Additional common equivalent shares resulting from: Conversion of preferred stock 1,620 1,646 1,627 1,650 Dilutive effect of stock options 371 305 358 383 ------- ------- -------- -------- Average number of common and common equivalent shares 66,698 66,363 66,613 65,894 ======= ======= ======== ======== Fully diluted earnings per share $1.31 $1.15 $2.98 $2.79 ===== ===== ===== =====
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