1 EXHIBIT 11 FURON COMPANY Computation of Net Income Per Share Three months ended Nine months ended ---------------------------- ----------------------------- October 28, October 29, October 28, October 29, 1995 1994 1995 1994 - ----------------------------------------------------------------------------------------------------------------- PRIMARY INCOME PER SHARE Earnings Net income $3,797,000 $3,357,000 $9,862,000 $8,438,000 ========== ========== ========== ========== Shares Weighted average number of common shares outstanding 8,845,179 8,710,380 8,819,656 8,685,491 Shares issuable from assumed exercise of stock options 199,076 325,631 244,448 282,395 ---------- ---------- ---------- ---------- Average shares as adjusted 9,044,255 9,036,011 9,064,104 8,967,886 ========== ========== ========== ========== Primary income per share $ 0.42 $ 0.37 $ 1.09 $ 0.94 ========== ========== ========== ========== FULLY DILUTED INCOME PER SHARE Earnings Net income $3,797,000 $3,357,000 $9,862,000 $8,438,000 ========== ========== ========== ========== Shares Weighted average number of common shares outstanding 8,845,179 8,710,380 8,819,656 8,685,491 Shares issuable from assumed exercise of stock options 199,076 415,548 247,177 418,815 ---------- ---------- ---------- ---------- Average shares as adjusted for full dilution 9,044,255 9,125,928 9,066,833 9,104,306 ========== ========== ========== ========== Fully diluted income per share $ 0.42 $ 0.37 $ 1.09 $ 0.93 ========== ========== ========== ========== 17