VF Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Jan. 02, 2016

Note R — Earnings Per Share


	2015		2014		2013
	In thousands, except per share amounts
Earnings per share — basic:
Net income	$	1,231,593	$	1,047,505	$	1,210,119

Weighted average common shares outstanding		425,408		432,611		438,657

Earnings per share	$	2.90	$	2.42	$	2.76

Earnings per share — diluted:
Net income	$	1,231,593	$	1,047,505	$	1,210,119

Weighted average common shares outstanding		425,408		432,611		438,657
Incremental shares from stock options and other dilutive securities		6,671		7,542		8,152

Adjusted weighted average common shares outstanding		432,079		440,153		446,809

Earnings per share	$	2.85	$	2.38	$	2.71

Outstanding options to purchase 2.4 million, 1.4 million and 0.9 million shares of Common Stock were excluded from the calculations of diluted earnings per share in 2015, 2014 and 2013, respectively, because the effect of their inclusion would have been antidilutive to those years. In addition, 0.9 million, 1.1 million and 1.3 million shares of performance-based restricted stock units were excluded from the calculations of diluted earnings per share in 2015, 2014 and 2013, respectively, because these units were not considered to be contingent outstanding shares.