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

6 Months Ended

Jul. 01, 2017



	Three Months Ended June				Six Months Ended June
In thousands, except per share amounts	2017		2016		2017		2016
Earnings per share – basic:
Income from continuing operations	$	114,865	$	136,493	$	329,544	$	378,428
Weighted average common shares outstanding	397,065		415,991		404,527		418,870
Earnings per share from continuing operations	$	0.29	$	0.33	$	0.81	$	0.90
Earnings per share – diluted:
Income from continuing operations	$	114,865	$	136,493	$	329,544	$	378,428
Weighted average common shares outstanding	397,065		415,991		404,527		418,870
Incremental shares from stock options and other dilutive securities	3,447		6,068		3,709		6,726
Adjusted weighted average common shares outstanding	400,512		422,059		408,236		425,596
Earnings per share from continuing operations	$	0.29	$	0.32	$	0.81	$	0.89

Outstanding options to purchase 10.3 million and 10.4 million shares of Common Stock were excluded from the calculations of diluted earnings per share for the three and six-month periods ended June 2017, respectively, and options to purchase 5.4 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended June 2016, because the effect of their inclusion would have been antidilutive to those periods. In addition, 1.1 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended June 2017, and 1.0 million and 1.1 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three and six-month periods ended June 2016, respectively, because these units were not considered to be contingent outstanding shares in those periods.