1 EXHIBIT 11 FURON COMPANY Computation of Net Income Per Share Three months ended Nine months ended ------------------ ----------------- November 2, October 28, November 2, October 28, 1996 1995 1996 1995 - ----------------------------------------------------------------------------------------------------------------------------- PRIMARY NET INCOME PER SHARE Earnings: Net income $4,055,000 $3,797,000 $12,508,000 $9,862,000 ========== ========== =========== ========== Shares: Weighted average number of common shares outstanding 8,881,450 8,845,179 8,874,382 8,819,656 Shares issuable from assumed exercise of stock options 257,672 199,076 250,153 244,448 ---------- ---------- ----------- ---------- Average shares as adjusted 9,139,122 9,044,255 9,124,535 9,064,104 ========== ========== =========== ========== Primary net income per share $ 0.44 $ 0.42 1.37 $ 1.09 ========== ========== =========== ========== FULLY DILUTED NET INCOME PER SHARE Earnings: Net income $4,055,000 $3,797,000 $12,508,000 $9,862,000 ========== ========== =========== ========== Shares: Weighted average number of common shares outstanding 8,881,450 8,845,179 8,874,382 8,819,656 Shares issuable from assumed exercise of stock options 257,711 199,076 250,920 247,177 ---------- ---------- ----------- ---------- Average shares as adjusted for full dilution 9,139,161 9,044,255 9,125,302 9,066,833 ========== ========== =========== ========== Fully diluted net income per share $ 0.44 $ 0.42 $ 1.37 $ 1.09 ========== ========== =========== ========== 18