1 EXHIBIT 11 FURON COMPANY Computation of Net Income Per Share Three months ended Six months ended -------------------------------- -------------------------------- July 30, July 31, July 30, July 31, 1994 1993 1994 1993 - - --------------------------------------------------------------------------------------------------------------------- PRIMARY NET INCOME PER SHARE Earnings Net income $ 2,667,000 $ 1,582,000 $ 5,081,000 $ 3,339,000 ============== ============== =============== =============== Shares Weighted average number of common shares outstanding 8,691,429 8,621,562 8,673,046 8,608,222 Shares issuable from assumed exercise of stock options 229,981 263,056 259,523 294,558 --------------- --------------- --------------- --------------- Average shares as adjusted 8,921,410 8,884,618 8,932,569 8,902,780 =============== =============== =============== =============== Primary net income per share $ .30 $ .18 $ .57 $ .38 =============== =============== =============== =============== FULLY DILUTED NET INCOME PER SHARE Earnings Net income $ 2,667,000 $ 1,582,000 $ 5,081,000 $ 3,339,000 =============== =============== =============== =============== Shares Weighted average number of common shares outstanding 8,691,429 8,621,562 8,673,046 8,608,222 Shares issuable from assumed exercise of stock options 308,962 263,063 312,373 294,585 --------------- --------------- --------------- --------------- Average shares as adjusted for full dilution 9,000,391 8,884,625 8,985,419 8,902,807 --------------- --------------- --------------- --------------- Fully diluted net income per share $ .30 $ .18 $ .57 $ .38 =============== =============== =============== =============== 38