1 EXHIBIT 11 FURON COMPANY COMPUTATION OF NET INCOME (LOSS) PER SHARE YEARS ENDED -------------------------------------------------------------- FEBRUARY 1, FEBRUARY 3, JANUARY 28, 1997 1996 1995 - ------------------------------------------------------------------------------------------------------------------------ PRIMARY INCOME (LOSS) PER SHARE Earnings: Net income (loss) $(39,751,000) $13,169,000 $11,438,000 =========== =========== =========== Shares: Weighted average number of common shares outstanding 8,885,769 8,821,297 8,674,135 Shares issuable from assumed exercise of stock options - 218,965 318,791 ----------- ----------- ----------- Average shares as adjusted 8,885,769 9,040,262 8,992,926 =========== =========== =========== Primary income (loss) per share $(4.47) $1.46 $1.27 =========== =========== =========== FULLY DILUTED INCOME (LOSS) PER SHARE Earnings Net income (loss) $(39,751,000) $13,169,000 $11,438,000 =========== =========== =========== Shares Weighted average number of common shares outstanding 8,885,769 8,821,297 8,674,135 Shares issuable from assumed exercise of stock options - 220,961 443,300 ----------- ----------- ----------- Average shares as adjusted for full dilution 8,885,769 9,042,258 9,117,435 =========== =========== =========== Fully diluted income (loss) per share $(4.47) $1.46 $1.25 =========== =========== =========== 51