Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 12 Months Ended
Dec. 29, 2012
Earnings Per Share

Note S — Earnings Per Share

 

     2012     2011     2010  
     In thousands, except per share amounts  

Earnings per share — basic:

       

Net income

    $ 1,086,138      $ 890,393      $ 573,512   

Net income attributable to noncontrolling interests

      (139 )      (2,304 )      (2,150 ) 
  

 

 

    

 

 

    

 

 

  

Net income attributable to VF Corporation

    $ 1,085,999      $ 888,089      $ 571,362   
  

 

 

    

 

 

    

 

 

  

Weighted average Common Stock outstanding

      109,823        109,287        108,764   
  

 

 

    

 

 

    

 

 

  

Earnings per share attributable to VF Corporation common stockholders

    $ 9.89      $ 8.13      $ 5.25   
  

 

 

    

 

 

    

 

 

  

Earnings per share — diluted:

       

Net income attributable to VF Corporation

    $ 1,085,999      $ 888,089      $ 571,362   
  

 

 

    

 

 

    

 

 

  

Weighted average Common Stock outstanding

      109,823        109,287        108,764   

Incremental shares from stock options and other dilutive securities

      2,081        2,001        1,564   
  

 

 

    

 

 

    

 

 

  

Adjusted weighted average Common Stock outstanding

      111,904        111,288        110,328   
  

 

 

    

 

 

    

 

 

  

Earnings per share attributable to VF Corporation common stockholders

    $ 9.70      $ 7.98      $ 5.18   
  

 

 

    

 

 

    

 

 

  

Outstanding options to purchase 0.6 million shares, 0.5 million shares, and 1.9 million shares of Common Stock were excluded from the computations of diluted earnings per share in 2012, 2011 and 2010, respectively, because the effect of their inclusion would have been antidilutive. In addition, 0.4 million restricted stock units in 2012 and 0.5 million restricted stock units in 2011 and 2010 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.