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

Sep. 30, 2017



	Three Months Ended September				Nine Months Ended September
In thousands, except per share amounts	2017		2016		2017		2016
Earnings per share – basic:
Income from continuing operations	$	386,764	$	485,224	$	716,308	$	863,652
Weighted average common shares outstanding	393,258		413,461		400,771		417,067
Earnings per share from continuing operations	$	0.98	$	1.17	$	1.79	$	2.07
Earnings per share – diluted:
Income from continuing operations	$	386,764	$	485,224	$	716,308	$	863,652
Weighted average common shares outstanding	393,258		413,461		400,771		417,067
Incremental shares from stock options and other dilutive securities	4,126		5,779		3,848		6,410
Adjusted weighted average common shares outstanding	397,384		419,240		404,619		423,477
Earnings per share from continuing operations	$	0.97	$	1.16	$	1.77	$	2.04

Outstanding options to purchase 4.9 million and 8.6 million shares of Common Stock were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended September 2017, respectively, and options to purchase 5.2 million and 5.3 million shares were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended September 2016, respectively, 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 nine-month periods ended September 2017, and 1.0 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended September 2016 because these units were not considered to be contingent outstanding shares in those periods.