Exhibit 11 VF CORPORATION COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED NINE MONTHS ENDED ----------------------------------- ---------------------------------- SEPTEMBER 30 OCTOBER 1 SEPTEMBER 30 OCTOBER 1 1995 1994 1995 1994 ----------------- -------------- ------------------ ------------- PRIMARY EARNINGS PER SHARE Net income $ 69,718 $ 87,804 $ 192,908 $ 199,618 Less preferred stock dividends and redemption premium 931 849 2,768 2,548 ------------- ------------- --------------- ------------ Net income available to common stockholders $ 68,787 $ 86,955 $ 190,140 $ 197,070 ============= ============= =============== ============ Average number of common shares outstanding 63,891 64,707 63,789 64,628 ============= ============= =============== ============ Primary earnings per share $ 1.08 $ 1.34 $ 2.98 $ 3.05 ============= ============= =============== ============ FULLY DILUTED EARNINGS PER SHARE Net income $ 69,718 $ 87,804 $ 192,908 $ 199,618 Increased ESOP contribution required if preferred stock were converted to common 364 384 1,090 1,147 ------------- ------------- --------------- ------------ Fully diluted earnings $ 69,354 $ 87,420 $ 191,818 $ 198,471 ============= ============= =============== ============ Average number of common shares outstanding 63,891 64,707 63,789 64,628 Additional common equivalent shares resulting from: Conversion of preferred stock 1,582 1,620 1,591 1,627 Dilutive effect of stock options and restricted shares 372 371 445 358 ------------- ------------- --------------- ------------ Average number of common and common equivalent shares 65,845 66,698 65,825 66,613 ============= ============= =============== ============ Fully diluted earnings per share $ 1.05 $ 1.31 $ 2.91 $ 2.98 ============= ============= =============== ============
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