Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 9 Months Ended
Sep. 29, 2012
Earnings Per Share

Note K — Earnings Per Share

 

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

Earnings per share - basic:

          

Net income

    $ 381,318       $ 301,412      $ 751,970      $ 632,399   

Net (income) loss attributable to noncontrolling interests

      —           (712 )      (139 )      (1,628 ) 
  

 

 

     

 

 

    

 

 

    

 

 

  

Net income attributable to VF Corporation

    $ 381,318       $ 300,700      $ 751,831      $ 630,771   
  

 

 

     

 

 

    

 

 

    

 

 

  

Weighted average common shares outstanding

      109,557         109,643        109,800        108,982   
  

 

 

     

 

 

    

 

 

    

 

 

  

Earnings per common share attributable to VF Corporation common stockholders

    $ 3.48       $ 2.74      $ 6.85      $ 5.79   
  

 

 

     

 

 

    

 

 

    

 

 

  

Earnings per common share - diluted:

          

Net income attributable to VF Corporation

    $ 381,318       $ 300,700      $ 751,831      $ 630,771   
  

 

 

     

 

 

    

 

 

    

 

 

  

Weighted average common shares outstanding

      109,557         109,643        109,800        108,982   

Incremental shares from stock options and other dilutive securities

      1,931         1,939        2,049        1,847   
  

 

 

     

 

 

    

 

 

    

 

 

  

Adjusted weighted average common shares outstanding

      111,488         111,582        111,849        110,829   
  

 

 

     

 

 

    

 

 

    

 

 

  

Earnings per common share attributable to VF Corporation common stockholders

    $ 3.42       $ 2.69      $ 6.72      $ 5.69   
  

 

 

     

 

 

    

 

 

    

 

 

  

Outstanding options to purchase approximately 0.8 million shares and 0.9 million shares of Common Stock for the three and nine month periods ended September 2012, respectively, and outstanding options to purchase approximately 20,000 shares and 0.6 million shares of Common Stock for the three and nine months ended September 2011, respectively, 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 nine month periods ended September 2012, and 0.3 million were excluded for the three and nine month periods ended September 2011, because these units have not yet been earned in accordance with the vesting conditions of the plan.