Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 9 Months Ended
Sep. 28, 2013
Earnings Per Share

Note M — Earnings Per Share

 

In thousands, except per share amounts    Three Months Ended September      Nine Months Ended September  
     2013      2012      2013      2012  

Earnings per share – basic:

            

Net income

    $ 433,761       $ 381,318       $ 842,452       $ 751,970   

Net (income) loss attributable to noncontrolling interests

      —           —           —           (139 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income attributable to VF Corporation

    $ 433,761       $ 381,318       $ 842,452       $ 751,831   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding

      109,545         109,557         109,629         109,800   
  

 

 

     

 

 

     

 

 

     

 

 

  

Earnings per common share attributable to VF Corporation common stockholders

    $ 3.96       $ 3.48       $ 7.68       $ 6.85   
  

 

 

     

 

 

     

 

 

     

 

 

  

Earnings per share – diluted:

            

Net income attributable to VF Corporation

    $ 433,761       $ 381,318       $ 842,452       $ 751,831   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding

      109,545         109,557         109,629         109,800   

Incremental shares from stock options and other dilutive securities

      1,860         1,931         1,991         2,049   
  

 

 

     

 

 

     

 

 

     

 

 

  

Adjusted weighted average common shares outstanding

      111,405         111,488         111,620         111,849   
  

 

 

     

 

 

     

 

 

     

 

 

  

Earnings per common share attributable to VF Corporation common stockholders

    $ 3.89       $ 3.42       $ 7.55       $ 6.72   
  

 

 

     

 

 

     

 

 

     

 

 

  

Outstanding options to purchase 0.1 million and 0.8 million shares of Common Stock for the three month periods ended September 2013 and 2012, respectively, were excluded from the calculations of diluted earnings per share because the effect of their inclusion would have been antidilutive. Outstanding options to purchase 0.3 million and 0.9 million shares of Common Stock for the nine month periods ended September 2013 and 2012, respectively, were excluded from the calculations of diluted earnings per share because the effect of their inclusion would have been antidilutive. In addition, 0.4 million performance-based restricted stock units were excluded from the computation of diluted earnings per share for the three and nine month periods ended September 2013 and September 2012 because these units have not yet been earned in accordance with the vesting requirements of the plan.