EARNINGS PER SHARE

3 Months Ended

Mar. 29, 2013

EARNINGS PER SHARE

NOTE 10. EARNINGS PER SHARE

The following data was used in computing earnings per share and the effect on the weighted-average number of shares of potentially dilutive common stock.

	First Quarter of
	2013		2012
(Dollars in thousands, except per share amounts)
Numerator:
Net income attributable to Trimble Navigation Ltd.	$	49,808	$	50,818
Denominator:
Weighted average number of common shares used in basic earnings per share	255,181		248,740
Effect of dilutive securities (using treasury stock method):
Common stock options and restricted stock units	5,118		6,780
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share	260,299		255,520
Basic earnings per share	$	0.20	$	0.20
Diluted earnings per share	$	0.19	$	0.20

For the first quarter of fiscal 2013 and 2012, the Company excluded 2.5 million and 3.8 million shares of outstanding stock options, respectively, from the calculation of diluted earnings per share. These shares were excluded because the exercise prices of these stock options were greater than or equal to the average market value of the common shares during the respective periods. Inclusion of these shares would be antidilutive. These options could be included in the calculation in the future if the average market value of the common shares increases and is greater than the exercise price of these options.