1 EXHIBIT 11 FURON COMPANY Computation of Net Income Per Share Three months ended --------------------------------------------------------- May 3, May 4, 1997 1996 - ------------------------------------------------------------------------------------------------------------------------------------ PRIMARY NET INCOME PER SHARE Earnings: Net income $ 4,977,000 $ 4,558,000 =================== ================= Shares: Weighted average number of common shares outstanding 8,923,429 8,861,410 Shares issuable from assumed exercise of stock options 232,078 218,236 ------------------- ----------------- Average shares as adjusted 9,155,507 9,079,646 =================== ================= Primary net income per share $ 0.54 $ 0.50 =================== ================= FULLY DILUTED NET INCOME PER SHARE Earnings: Net income $ 4,977,000 $ 4,558,000 =================== ================= Shares: Weighted average number of common shares outstanding 8,923,429 8,861,410 Shares issuable from assumed exercise of stock options 259,023 252,221 ------------------- ----------------- Average shares as adjusted for full dilution 9,182,452 9,113,631 =================== ================= Fully diluted net income per share $ 0.54 $ 0.50 =================== ================= 17