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

3 Months Ended

Apr. 02, 2016

Note L – Earnings Per Share


	Three Months Ended March
In thousands, except per share amounts	2016		2015
Earnings per share – basic:
Net income	$	260,269	$	288,709

Weighted average common shares outstanding		421,748		426,255

Earnings per share	$	0.62	$	0.68

Earnings per share – diluted:
Net income	$	260,269	$	288,709

Weighted average common shares outstanding		421,748		426,255
Incremental shares from stock options and other dilutive securities		7,385		7,848

Adjusted weighted average common shares outstanding		429,133		434,103

Earnings per share	$	0.61	$	0.67

Outstanding options to purchase 5.5 million and 2.4 million shares of Common Stock were excluded from the calculations of diluted earnings per share for the three-month periods ended March 2016 and March 2015, respectively, because the effect of their inclusion would have been antidilutive to those periods. In addition, 1.1 million and 1.0 million shares of performance-based restricted stock units were excluded from the calculations of diluted earnings per share for the three-month periods ended March 2016 and March 2015, respectively, because these units were not considered to be contingent outstanding shares in those periods.