| Earnings Per Share |
Note K — Earnings
Per Share
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| In thousands, except per
share amounts |
|
Three Months Ended June |
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Six Months Ended
June |
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2012 |
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2011 |
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2012 |
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2011 |
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Earnings per share –
basic:
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Net income
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$ |
155,425 |
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$ |
129,567 |
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$ |
370,652 |
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$ |
330,987 |
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|
Net (income) loss
attributable to noncontrolling interests
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|
(128 |
) |
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|
(199 |
) |
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(139 |
) |
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(916 |
) |
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Net income attributable to
VF Corporation
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$ |
155,297 |
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$ |
129,368 |
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$ |
370,513 |
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$ |
330,071 |
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Weighted average Common
Stock outstanding
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109,216 |
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|
109,079 |
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109,874 |
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108,651 |
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Earnings per common share
attributable to VF Corporation common stockholders
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$ |
1.42 |
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$ |
1.19 |
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$ |
3.37 |
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$ |
3.04 |
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Earnings per common share
– diluted:
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Net income attributable to
VF Corporation
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$ |
155,297 |
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$ |
129,368 |
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$ |
370,513 |
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$ |
330,071 |
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Weighted average Common
Stock outstanding
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109,216 |
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|
109,079 |
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109,874 |
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|
108,651 |
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Incremental shares from
stock options and other dilutive securities
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|
2,012 |
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|
1,811 |
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|
2,118 |
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|
1,802 |
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Adjusted weighted average
Common Stock outstanding
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111,228 |
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110,890 |
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111,992 |
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110,453 |
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Earnings per common share
attributable to VF Corporation common stockholders
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$ |
1.40 |
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$ |
1.17 |
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$ |
3.31 |
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$ |
2.99 |
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Outstanding options to
purchase approximately 0.9 million shares of Common Stock for
each of the three and six month periods ended June 2012 and June
2011, were excluded from the computations of diluted earnings per
share because the options were antidilutive. In addition,
approximately 0.4 million performance-based restricted stock
units were excluded from the computation of diluted earnings per
share for the three and six month periods ended June 2012, and
0.3 million were excluded for the three and six month periods
ended June 2011, because these units have not yet been earned in
accordance with the vesting conditions of the plan.
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