Exhibit 11
VF CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED NINE MONTHS ENDED
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SEPTEMBER 30 OCTOBER 1 SEPTEMBER 30 OCTOBER 1
1995 1994 1995 1994
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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
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Net income available to common stockholders $ 68,787 $ 86,955 $ 190,140 $ 197,070
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Average number of common shares outstanding 63,891 64,707 63,789 64,628
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Primary earnings per share $ 1.08 $ 1.34 $ 2.98 $ 3.05
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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
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Fully diluted earnings $ 69,354 $ 87,420 $ 191,818 $ 198,471
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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
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Average number of common and common
equivalent shares 65,845 66,698 65,825 66,613
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Fully diluted earnings per share $ 1.05 $ 1.31 $ 2.91 $ 2.98
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