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