Exhibit 11
VF CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED
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APRIL 1 APRIL 2
1995 1994
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PRIMARY EARNINGS PER SHARE
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Net income $57,953 $52,898
Less preferred stock dividends and redemption premium 910 783
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Net income available to common stockholders $57,043 $52,115
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Average number of common shares outstanding 64,022 64,532
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Primary earnings per share $0.89 $0.81
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FULLY DILUTED EARNINGS PER SHARE
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Net income $57,953 $52,898
Increased ESOP contribution required if preferred stock
were converted to common 363 379
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Fully diluted earnings $57,590 $52,519
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Average number of common shares outstanding 64,022 64,532
Additional common equivalent shares resulting from:
Conversion of preferred stock 1,600 1,634
Dilutive effect of stock options and restricted shares 458 347
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Average number of common and common equivalent shares 66,080 66,513
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Fully diluted earnings per share $0.87 $0.79
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11