Exhibit 11
VF CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
FISCAL YEAR ENDED
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DECEMBER 30 DECEMBER 31 JANUARY 1
1995 1994 1994
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PRIMARY EARNINGS PER SHARE
Net income $157,291 $274,536 $246,415
Less Preferred Stock dividends 3,683 3,430 3,094
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Net income available to common stockholders $153,608 $271,106 $243,321
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Average number of common shares outstanding 63,743 64,620 64,011
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Primary earnings per share $2.41 $4.20 $3.80
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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
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Fully diluted earnings $155,861 $273,028 $244,848
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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
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Average number of common and common
equivalent shares 65,738 66,594 66,025
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Fully diluted earnings per share $2.37 $4.10 $3.71
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