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EXHIBIT 11
VF CORPORATION
COMPUTATION OF EARNINGS PER COMMON SHARE
(In thousands, except per share amounts)
wwww Fiscal Year Ended
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January 1 January 2 January 4
1994 1993 1992
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Primary earnings per common share
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Net income $246,415 $237,031 $161,330
Less preferred stock dividends 3,094 4,335 4,366
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Net income available to
common stockholders $243,321 $232,696 $156,964
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Average number of common
shares outstanding 64,011 58,608 57,152
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Primary earnings per share $3.80 $3.97 $2.75
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Fully diluted earnings per common share
- ---------------------------------------
Net income $246,415 $237,031 $161,330
Increased ESOP contribution
required if preferred stock
were converted to common stock 1,567 2,488 2,656
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Fully diluted earnings $244,848 $234,543 $158,674
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Average number of common
shares outstanding 64,011 58,608 57,152
Additional common equivalent shares
resulting from:
Conversion of preferred stock 1,647 1,664 1,676
Dilutive effect of stock options 367 716 1,644
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Average number of common and common
equivalent shares 66,025 60,988 60,472
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Fully diluted earnings per share $3.71 $3.85 $2.62
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