VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

6 Months Ended

Jul. 04, 2015

Note L – Earnings Per Share


	Three Months Ended June				Six Months Ended June
In thousands, except per share amounts	2015		2014		2015		2014
Earnings per share – basic:
Net income	$	170,811	$	157,682	$	459,520	$	454,875

Weighted average common shares outstanding		424,349		429,940		425,305		434,115

Earnings per common share	$	0.40	$	0.37	$	1.08	$	1.05

Earnings per share – diluted:
Net income	$	170,811	$	157,682	$	459,520	$	454,875

Weighted average common shares outstanding		424,349		429,940		425,305		434,115
Incremental shares from stock options and other dilutive securities		6,354		7,191		7,102		7,584

Adjusted weighted average common shares outstanding		430,703		437,131		432,407		441,699

Earnings per common share	$	0.40	$	0.36	$	1.06	$	1.03

Outstanding options to purchase 2.4 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended June 2015, and options to purchase 2.7 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended June 2014, because the effect of their inclusion would have been antidilutive to those periods. In addition, 1.0 million shares of performance-based restricted stock units were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended June 2015, and 1.3 million shares of performance-based restricted stock units were excluded from the calculations of diluted earnings per share for the three and six-month periods ended June 2014, because these units are not considered to be contingent outstanding shares in those periods.