Exhibit 11
VF CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED
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APRIL 5 MARCH 30
1997 1996
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PRIMARY EARNINGS PER SHARE
Net income $70,186 $55,930
Less Preferred Stock dividends
and redemption premium 1,151 1,124
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Net income available to
common stockholders $69,035 $54,806
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Average number of common
shares outstanding 63,963 63,564
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Primary earnings per share $ 1.08 $ 0.86
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FULLY DILUTED EARNINGS PER SHARE
Net income $70,186 $55,930
Increased ESOP contribution
required if Preferred Stock were
converted to Common Stock 316 336
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Fully diluted earnings $69,870 $55,594
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Average number of common
shares outstanding 63,963 63,564
Additional common equivalent shares
resulting from:
Conversion of Preferred Stock 1,494 1,548
Dilutive effect of stock options 471 345
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Average number of common and
common equivalent shares 65,928 65,457
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Fully diluted earnings per share $ 1.06 $ 0.85
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11