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

9 Months Ended

Oct. 03, 2015

Note L – Earnings Per Share


	Three Months Ended September				Nine Months Ended September
In thousands, except per share amounts	2015		2014		2015		2014
Earnings per share – basic:
Net income	$	459,864	$	470,529	$	919,384	$	925,404

Weighted average common shares outstanding		425,208		430,638		425,273		432,956

Earnings per common share	$	1.08	$	1.09	$	2.16	$	2.14

Earnings per share – diluted:
Net income	$	459,864	$	470,529	$	919,384	$	925,404

Weighted average common shares outstanding		425,208		430,638		425,273		432,956
Incremental shares from stock options and other dilutive securities		6,252		6,949		6,818		7,372

Adjusted weighted average common shares outstanding		431,460		437,587		432,091		440,328

Earnings per common share	$	1.07	$	1.08	$	2.13	$	2.10

Outstanding options to purchase 2.4 million shares were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended September 2015, and options to purchase 0.1 million and 1.8 million shares were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended September 2014, respectively, 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 nine-month periods ended September 2015, and 1.3 million shares of performance-based restricted stock units were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended September 2014, because these units were not considered to be contingent outstanding shares in those periods.