1 EXHIBIT 11 FURON COMPANY Computation of Net Income Per Share Three months ended Six months ended ------------------ ---------------- August 3, July 29, August 3, July 29, 1996 1995 1996 1995 - -------------------------------------------------------------------------------------------------------------- PRIMARY NET INCOME PER SHARE Earnings: Net income $3,895,000 $2,710,000 $8,453,000 $6,065,000 ========== ========== ========== ========== Shares: Weighted average number of common shares outstanding 8,886,221 8,825,941 8,870,848 8,806,857 Shares issuable from assumed exercise of stock options 271,908 273,284 246,576 258,831 ---------- ---------- ---------- ---------- Average shares as adjusted 9,158,129 9,099,225 9,117,424 9,065,688 ========== ========== ========== ========== Primary net income per share $ 0.43 $ 0.30 $ 0.93 $ 0.67 ========== ========== ========== ========== FULLY DILUTED NET INCOME PER SHARE Earnings: Net income $3,895,000 $2,710,000 $8,453,000 $6,065,000 ========== ========== ========== ========== Shares: Weighted average number of common shares outstanding 8,886,221 8,825,941 8,870,848 8,806,857 Shares issuable from assumed exercise of stock options 271,967 273,606 247,619 267,058 ---------- ---------- ---------- ---------- Average shares as adjusted for full dilution 9,158,188 9,099,547 9,118,467 9,073,915 ========== ========== ========== ========== Fully diluted net income per share $ 0.43 $ 0.30 $ 0.93 $ 0.67 ========== ========== ========== ========== 17