1 EXHIBIT 11 FURON COMPANY Computation of Net Income Per Share Three months ended Nine months ended -------------------------- ------------------------------ October 29, October 30, October 29, October 30, 1994 1993 1994 1993 - - - ------------------------------------------------------------------------------------------------------------------- PRIMARY NET INCOME PER SHARE Earnings Net income $3,357,000 $2,220,000 $8,438,000 $5,559,000 ========== ========== ========== ========== Shares Weighted average number of common shares outstanding 8,710,380 8,621,651 8,685,491 8,612,698 Shares issuable from assumed exercise of stock options 325,631 125,031 282,395 243,088 ---------- ---------- ---------- ---------- Average shares as adjusted 9,036,011 8,746,682 8,967,886 8,855,786 ========== ========== ========== ========== Primary net income per share $ .37 $ .25 $ .94 $ .63 ========== ========== ========== ========== FULLY DILUTED NET INCOME PER SHARE Earnings Net income $3,357,000 $2,220,000 $8,438,000 $5,559,000 ========== ========== ========== ========== Shares Weighted average number of common shares outstanding 8,710,380 8,621,651 8,685,491 8,612,698 Shares issuable from assumed exercise of stock options 415,548 125,050 418,815 243,129 ---------- ---------- ---------- ---------- Average shares as adjusted for full dilution 9,125,928 8,746,701 9,104,306 8,855,827 ---------- ---------- ---------- ---------- Fully diluted net income per share $ .37 $ .25 $ .93 $ .63 ========== ========== ========== ========== 15