1 EXHIBIT 11 FURON COMPANY Computation of Net Income Per Share Three months ended Nine months ended ----------------------------------------------------------- November 1, November 2, November 1, November 2, 1997 1996 1997 1996 - -------------------------------------------------------------------------------------------------------------- PRIMARY NET INCOME PER SHARE Earnings: Net income $ 5,465,000 $ 4,055,000 $15,666,000 $12,508,000 =========== =========== =========== =========== Shares: Weighted average number of common shares outstanding 8,962,353 8,881,450 8,948,367 8,874,382 Shares issuable from assumed exercise of stock options 475,189 257,672 377,716 250,153 ----------- ----------- ----------- ----------- Average shares as adjusted 9,437,542 9,139,122 9,326,083 9,124,535 =========== =========== =========== =========== Primary net income per share $ 0.58 $ 0.44 $ 1.68 $ 1.37 =========== =========== =========== =========== FULLY DILUTED NET INCOME PER SHARE Earnings: Net income $ 5,465,000 $ 4,055,000 $15,666,000 $12,508,000 =========== =========== =========== =========== Shares: Weighted average number of common shares outstanding 8,962,353 8,881,450 8,948,367 8,874,382 Shares issuable from assumed exercise of stock options 485,340 257,711 497,466 250,920 ----------- ----------- ----------- ----------- Average shares as adjusted for full dilution 9,447,693 9,139,161 9,445,833 9,125,302 =========== =========== =========== =========== Fully diluted net income per share $ 0.58 $ 0.44 $ 1.66 $ 1.37 =========== =========== =========== =========== 17