Note L — Earnings Per Share

		Three Months								Six Months
		Ended June								Ended June
In thousands, except per share amounts		2011				2010				2011				2010
Earnings per share — basic:
Net income		$	129,567			$	111,490			$	330,987			$	274,949
Net (income) loss attributable to noncontrolling interests			(199	)			(655	)			(916	)			(598	)
Net income attributable to VF Corporation		$	129,368			$	110,835			$	330,071			$	274,351
Weighted average Common Stock outstanding			109,079				108,957				108,651				109,608
Earnings per common share attributable to VF Corporation common stockholders		$	1.19			$	1.02			$	3.04			$	2.50
Earnings per share — diluted:
Net income attributable to VF Corporation		$	129,368			$	110,835			$	330,071			$	274,351
Weighted average Common Stock outstanding			109,079				108,957				108,651				109,608
Incremental shares from stock options and other dilutive securities			1,811				1,522				1,802				1,446
Adjusted weighted average Common Stock outstanding			110,890				110,479				110,453				111,054
Earnings per common share attributable to VF Corporation common stockholders		$	1.17			$	1.00			$	2.99			$	2.47

Outstanding options to purchase 0.9 million shares of Common Stock for the three and six months ended June 2011, and outstanding options to purchase 1.2 million shares and 2.5 million shares of Common Stock for the three and six months ended June 2010, respectively, were excluded from the computations of diluted earnings per share because the effect of their inclusion would have been antidilutive. In addition, 0.3 million performance-based restricted stock units were excluded from the computation of diluted earnings per share for each of the three and six month periods ended June 2011 and 2010 because these units are subject to performance-based vesting conditions that had not been achieved by the end of those periods.