Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 3 Months Ended
Mar. 30, 2013
Earnings Per Share

Note M — Earnings Per Share

 

     Three Months Ended
March		  
In thousands, except per share amounts    2013      2012  

Earnings per share — basic:

      

Net income

    $ 270,417       $ 215,227   

Net income attributable to noncontrolling interests

      —           (11 ) 
  

 

 

     

 

 

  

Net income attributable to VF Corporation

    $ 270,417       $ 215,216   
  

 

 

     

 

 

  

Weighted average common shares outstanding

      110,068         110,527   
  

 

 

     

 

 

  

Earnings per common share attributable to VF Corporation common stockholders

    $ 2.46       $ 1.95   
  

 

 

     

 

 

  

Earnings per share — diluted:

      

Net income attributable to VF Corporation

    $ 270,417       $ 215,216   
  

 

 

     

 

 

  

Weighted average common shares outstanding

      110,068         110,527   

Incremental shares from stock options and other dilutive securities

      1,906         2,223   
  

 

 

     

 

 

  

Adjusted weighted average common shares outstanding

      111,974         112,750   
  

 

 

     

 

 

  

Earnings per common share attributable to VF Corporation common stockholders

    $ 2.41       $ 1.91   
  

 

 

     

 

 

  

Outstanding options to purchase 0.9 million shares of Common Stock for the quarters ended March 2013 and March 2012 were excluded from the computations of diluted earnings per share because the effect of their inclusion would have been antidilutive. In addition, 0.4 million performance-based restricted stock units were excluded from the computation of diluted earnings per share for the quarters ended March 2013 and March 2012 because these units have not yet been earned in accordance with the vesting conditions of the plan.