VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Oct. 01, 2016

Note N – Earnings Per Share


	Three Months Ended September				Nine Months Ended September
In thousands, except per share amounts	2016		2015		2016		2015
Earnings per share – basic:
Income from continuing operations	$	503,034	$	457,635	$	908,194	$	908,602

Weighted average common shares outstanding		413,461		425,208		417,067		425,273

Earnings per share from continuing operations	$	1.22	$	1.08	$	2.18	$	2.14

Earnings per share – diluted:
Income from continuing operations	$	503,034	$	457,635	$	908,194	$	908,602

Weighted average common shares outstanding		413,461		425,208		417,067		425,273
Incremental shares from stock options and other dilutive securities		5,779		6,252		6,410		6,818

Adjusted weighted average common shares outstanding		419,240		431,460		423,477		432,091

Earnings per share from continuing operations	$	1.20	$	1.06	$	2.14	$	2.10

Outstanding options to purchase 5.2 million and 5.3 million shares of Common Stock were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended September 2016, respectively, and options to purchase 2.4 million shares were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended September 2015, because the effect of their inclusion would have been antidilutive to those periods. In addition, 1.0 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for all periods presented because these units were not considered to be contingent outstanding shares in those periods.