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