VF Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Dec. 31, 2011

Note S — Earnings Per Share


	2011			2010			2009
	In thousands, except per share amounts
Earnings per share — basic:
Net income	$	890,393		$	573,512		$	458,458
Net (income) loss attributable to noncontrolling interests		(2,304	)		(2,150	)		2,813

Net income attributable to VF Corporation	$	888,089		$	571,362		$	461,271

Weighted average Common Stock outstanding		109,287			108,764			110,389

Earnings per share attributable to VF Corporation common stockholders	$	8.13		$	5.25		$	4.18

Earnings per share — diluted:
Net income attributable to VF Corporation	$	888,089		$	571,362		$	461,271

Weighted average Common Stock outstanding		109,287			108,764			110,389
Incremental shares from stock options and other dilutive securities		2,001			1,564			1,216

Adjusted weighted average Common Stock outstanding		111,288			110,328			111,605

Earnings per share attributable to VF Corporation common stockholders	$	7.98		$	5.18		$	4.13

Outstanding options to purchase 0.5 million shares, 1.9 million shares and 4.1 million shares of Common Stock were excluded from the computations of diluted earnings per share in 2011, 2010 and 2009, respectively, because the effect of their inclusion would have been antidilutive. In addition, 0.5 million restricted stock units in 2011, 2010 and 2009 were excluded from the computations of diluted earnings per share because these units have not been earned yet in accordance with the vesting conditions of the plan.

- Definition

The entire disclosure for earnings per share.

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