Exhibit 11 VF CORPORATION COMPUTATION OF EARNINGS PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED -------------------- APRIL 5 MARCH 30 1997 1996 ------- -------- PRIMARY EARNINGS PER SHARE Net income $70,186 $55,930 Less Preferred Stock dividends and redemption premium 1,151 1,124 ------- ------- Net income available to common stockholders $69,035 $54,806 ======= ======= Average number of common shares outstanding 63,963 63,564 ======= ======= Primary earnings per share $ 1.08 $ 0.86 ======= ======= 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 ------- ------- Fully diluted earnings $69,870 $55,594 ======= ======= 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 ------- ------- Average number of common and common equivalent shares 65,928 65,457 ======= ======= Fully diluted earnings per share $ 1.06 $ 0.85 ======= =======
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