1 EXHIBIT 11 FURON COMPANY Computation of Net Income Per Share Three months ended Six months ended August 2, August 3, August 2, August 3, 1997 1996 1997 1996 - --------------------------------------------------------------------------------------------------------------------------------- PRIMARY NET INCOME PER SHARE Earnings: Net income $ 5,224,000 $ 3,895,000 $10,201,000 $ 8,453,000 =========== =========== =========== =========== Shares: Weighted average number of common shares outstanding 8,959,319 8,886,221 8,941,374 8,870,848 Shares issuable from assumed exercise of stock options 354,674 271,908 301,226 246,576 ----------- ----------- ----------- ----------- Average shares as adjusted 9,313,993 9,158,129 9,242,600 9,117,424 =========== =========== =========== =========== Primary net income per share $ 0.56 $ 0.43 $ 1.10 $ 0.93 =========== =========== =========== =========== FULLY DILUTED NET INCOME PER SHARE Earnings: Net income $ 5,224,000 $ 3,895,000 $10,201,000 $ 8,453,000 =========== =========== =========== =========== Shares: Weighted average number of common shares outstanding 8,959,319 8,886,221 8,941,374 8,870,848 Shares issuable from assumed exercise of stock options 385,598 271,967 396,137 247,619 ----------- ----------- ----------- ----------- Average shares as adjusted for full dilution 9,344,917 9,158,188 9,337,511 9,118,467 =========== =========== =========== =========== Fully diluted net income per share $ 0.56 $ 0.43 $ 1.09 $ 0.93 =========== =========== =========== ===========