Exhibit 11 VF CORPORATION COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED ----------------------- MARCH 30 APRIL 1 1996 1995 --------- --------- PRIMARY EARNINGS PER SHARE - -------------------------- Net income $ 55,930 $ 57,953 Less preferred stock dividends and redemption premium 1,124 910 --------- --------- Net income available to common stockholders $ 54,806 $ 57,043 ========= ========= Average number of common shares outstanding 63,564 64,022 ========= ========= Primary earnings per share $ 0.86 $ 0.89 ========= ========= FULLY DILUTED EARNINGS PER SHARE - -------------------------------- Net income $ 55,930 $ 57,953 Increased ESOP contribution required if preferred stock were converted to common 336 363 --------- --------- Fully diluted earnings $ 55,594 $ 57,590 ========= ========= Average number of common shares outstanding 63,564 64,022 Additional common equivalent shares resulting from: Conversion of preferred stock 1,548 1,600 Dilutive effect of stock options and restricted shares 345 458 --------- --------- Average number of common and common equivalent shares 65,457 66,080 ========= ========= Fully diluted earnings per share $ 0.85 $ 0.87 ========= =========