Exhibit 11
VF CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
FISCAL YEAR ENDED
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JANUARY 4 DECEMBER 30 DECEMBER 31
1997 1995 1994
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PRIMARY EARNINGS PER SHARE
Net income $299,524 $157,291 $274,536
Less Preferred Stock dividends and
redemption premium 4,407 3,683 3,430
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Net income available to common stockholders $295,117 $153,608 $271,106
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Average number of common shares outstanding 63,646 63,743 64,620
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Primary earnings per share $4.64 $2.41 $4.20
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FULLY DILUTED EARNINGS PER SHARE
Net income $299,524 $157,291 $274,536
Increased ESOP contribution required if
Preferred Stock were converted to
Common Stock 1,318 1,430 1,508
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Fully diluted earnings $298,206 $155,861 $273,028
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Average number of common shares outstanding 63,646 63,743 64,620
Additional common equivalent shares resulting
from:
Conversion of Preferred Stock 1,528 1,586 1,623
Dilutive effect of stock options and
restricted shares 533 409 351
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Average number of common and common
equivalent shares 65,707 65,738 66,594
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Fully diluted earnings per share $4.54 $2.37 $4.10
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