Exhibit 11 VF CORPORATION COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
FISCAL YEAR ENDED ------------------------------------------------ DECEMBER 30 DECEMBER 31 JANUARY 1 1995 1994 1994 ----------- ----------- --------- PRIMARY EARNINGS PER SHARE Net income $157,291 $274,536 $246,415 Less Preferred Stock dividends 3,683 3,430 3,094 -------- -------- -------- Net income available to common stockholders $153,608 $271,106 $243,321 ======== ======== ======== Average number of common shares outstanding 63,743 64,620 64,011 ======== ======== ======== Primary earnings per share $2.41 $4.20 $3.80 ======== ======== ======== FULLY DILUTED EARNINGS PER SHARE Net income $157,291 $274,536 $246,415 Increased ESOP contribution required if Preferred Stock were converted to Common Stock 1,430 1,508 1,567 -------- -------- -------- Fully diluted earnings $155,861 $273,028 $244,848 ======== ======== ======== Average number of common shares outstanding 63,743 64,620 64,011 Additional common equivalent shares resulting from: Conversion of Preferred Stock 1,586 1,623 1,647 Dilutive effect of stock options 409 351 367 -------- -------- -------- Average number of common and common equivalent shares 65,738 66,594 66,025 ======== ======== ======== Fully diluted earnings per share $2.37 $4.10 $3.71 ======== ======== ========