Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

Note K — Earnings Per Share

 

     Three Months
Ended  March 		 
In thousands, except per share amounts    2012     2011  

Earnings per share – basic:

     

Net income

    $ 215,227      $ 201,420   

Net (income) loss attributable to noncontrolling interests

      (11 )      (717 ) 
  

 

 

    

 

 

  

Net income attributable to VF Corporation

    $ 215,216      $ 200,703   
  

 

 

    

 

 

  

Weighted average Common Stock outstanding

      110,527        108,222   
  

 

 

    

 

 

  

Earnings per common share attributable to VF Corporation common stockholders

    $ 1.95      $ 1.85   
  

 

 

    

 

 

  

Earnings per common share – diluted:

     

Net income attributable to VF Corporation

    $ 215,216      $ 200,703   
  

 

 

    

 

 

  

Weighted average Common Stock outstanding

      110,527        108,222   

Incremental shares from stock options and other dilutive securities

      2,223        1,818   
  

 

 

    

 

 

  

Adjusted weighted average Common Stock outstanding

      112,750        110,040   
  

 

 

    

 

 

  

Earnings per common share attributable to VF Corporation common stockholders

    $ 1.91      $ 1.82   
  

 

 

    

 

 

  

Outstanding options to purchase approximately 0.9 and 1.0 million shares of Common Stock for the quarters ended March 2012 and March 2011, respectively, were excluded from the computations of diluted earnings per share because the effect of their inclusion would have been antidilutive. In addition, approximately 0.4 million and 0.3 million performance-based restricted stock units were excluded from the computation of diluted earnings per share for the quarters ended March 2012 and 2011, respectively, because these units have not been earned yet in accordance with the vesting conditions of the plan.