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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Jan. 03, 2015
Quarterly Results of Operations (Unaudited) |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Full Year |
|  | In thousands, except per share amounts |
2014 (a)(b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 2,780,778 |  |  | $ | 2,402,076 |  |  | $ | 3,520,447 |  |  | $ | 3,578,860 |  |  | $ | 12,282,161 |
Operating income |  |  | 403,190 |  |  |  | 219,808 |  |  |  | 633,082 |  |  |  | 181,644 |  |  |  | 1,437,724 |
Net income attributable to VF Corporation |  |  | 297,193 |  |  |  | 157,682 |  |  |  | 470,529 |  |  |  | 122,101 |  |  |  | 1,047,505 |
Earnings per share attributable to VF Corporation common stockholders: (d) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.68 |  |  | $ | 0.37 |  |  | $ | 1.09 |  |  | $ | 0.28 |  |  | $ | 2.42 |
Diluted |  |  | 0.67 |  |  |  | 0.36 |  |  |  | 1.08 |  |  |  | 0.28 |  |  |  | 2.38 |
Dividends per common share |  | $ | 0.2625 |  |  | $ | 0.2625 |  |  | $ | 0.2625 |  |  | $ | 0.3200 |  |  | $ | 1.1075 |
2013 (a)(c) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 2,611,869 |  |  | $ | 2,220,411 |  |  | $ | 3,297,269 |  |  | $ | 3,290,099 |  |  | $ | 11,419,648 |
Operating income |  |  | 357,728 |  |  |  | 201,334 |  |  |  | 579,703 |  |  |  | 508,382 |  |  |  | 1,647,147 |
Net income attributable to VF Corporation |  |  | 270,417 |  |  |  | 138,274 |  |  |  | 433,761 |  |  |  | 367,667 |  |  |  | 1,210,119 |
Earnings per share attributable to VF Corporation common stockholders: (d) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.61 |  |  | $ | 0.32 |  |  | $ | 0.99 |  |  | $ | 0.84 |  |  | $ | 2.76 |
Diluted |  |  | 0.60 |  |  |  | 0.31 |  |  |  | 0.97 |  |  |  | 0.82 |  |  |  | 2.71 |
Dividends per common share |  | $ | 0.2175 |  |  | $ | 0.2175 |  |  | $ | 0.2175 |  |  | $ | 0.2625 |  |  | $ | 0.9150 |
(a) | The fourth quarter and full year 2014 consisted of 14 weeks and 53 weeks, respectively, compared with 13 weeks and 52 weeks in the respective 2013 periods.
(b) | Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income — $396.4 million; net income — $306.8 million; basic earnings per share — $0.71; and diluted earnings per share — $0.70. See Notes F, G and T.
(c) | Transaction and restructuring costs related to the acquisition of Timberland reduced operating results in 2013 as follows:
|  | First |  |  | Second |  |  | Third |  |  | Fourth |  |  | Full |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Year |
|  | In millions, except per share amounts |
Operating income |  | $ | 2.8 |  |  | $ | 4.5 |  |  | $ | 2.8 |  |  | $ | 0.6 |  |  | $ | 10.7 |
Net income |  |  | 2.2 |  |  |  | 3.8 |  |  |  | 2.2 |  |  |  | 0.6 |  |  |  | 8.8 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.01 |  |  | $ | 0.01 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.02 |
Diluted |  | $ | 0.01 |  |  | $ | 0.01 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.02 |
(d) | Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and all other quarterly amounts may not equal the total year due to rounding.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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