1 EXHIBIT 11 FURON COMPANY COMPUTATION OF NET INCOME PER SHARE YEARS ENDED --------------------------------------------- JANUARY 28, JANUARY 29, JANUARY 30, 1995 1994 1993 --------------------------------------------- PRIMARY INCOME PER SHARE - ------------------------ Earnings Net income $ 11,438,000 $ 8,170,000 $ 7,257,000 ============ =========== =========== Shares Weighted average number of common shares outstanding 8,674,135 8,615,289 8,519,774 Shares issuable from assumed exercise of stock options 318,791 243,911 161,832 ------------ ----------- ----------- Average shares as adjusted 8,992,926 8,859,200 8,681,606 ============ =========== =========== Primary income per share $ 1.27 $ .92 $ .84 ============ =========== =========== FULLY DILUTED INCOME PER SHARE - ------------------------------ Earnings Net income $ 11,438,000 $ 8,170,000 $ 7,257,000 ============ =========== =========== Shares Weighted average number of common shares outstanding 8,674,135 8,615,289 8,519,774 Shares issuable from assumed exercise of stock options 443,300 243,911 161,832 ------------ ----------- ----------- Average shares as adjusted for full dilution 9,117,435 8,859,200 8,681,606 ============ =========== =========== Fully diluted income per share $ 1.25 $ .92 $ .84 ============ =========== =========== 51