| Earnings Per Share |
Note
S — Earnings Per Share
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2014 |
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2013 |
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2012 |
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In thousands, except per
share amounts |
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Earnings per share —
basic:
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Net income
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$ |
1,047,505 |
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$ |
1,210,119 |
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$ |
1,086,138 |
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Net (income) loss
attributable to noncontrolling interests
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— |
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— |
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(139 |
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Net income attributable to
VF Corporation
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$ |
1,047,505 |
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$ |
1,210,119 |
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$ |
1,085,999 |
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Weighted average common
shares outstanding
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432,611 |
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438,657 |
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439,292 |
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Earnings per share
attributable to VF Corporation common stockholders
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$ |
2.42 |
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$ |
2.76 |
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$ |
2.47 |
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Earnings per share —
diluted:
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Net income attributable to
VF Corporation
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$ |
1,047,505 |
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$ |
1,210,119 |
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$ |
1,085,999 |
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Weighted average common
shares outstanding
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432,611 |
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438,657 |
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439,292 |
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Incremental shares from
stock options and other dilutive securities
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7,542 |
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8,152 |
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8,324 |
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Adjusted weighted average
common shares outstanding
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440,153 |
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446,809 |
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447,616 |
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Earnings per share
attributable to VF Corporation common stockholders
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$ |
2.38 |
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$ |
2.71 |
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$ |
2.43 |
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Outstanding
options to purchase 1.4 million, 0.9 million and
2.6 million shares of Common Stock were excluded from the
calculations of diluted earnings per share in 2014, 2013 and 2012,
respectively, because the effect of their inclusion would have been
antidilutive. In addition, 1.1 million, 1.3 million and
1.5 million performance-based restricted stock units were
excluded from the calculations of diluted earnings per share in
2014, 2013 and 2012, respectively, because these units are not
considered to be contingent outstanding shares.
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