Earnings Per Share

12 Months Ended

Jan. 03, 2014

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

Basic earnings per share is computed by dividing Net income by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing Net income by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options, shares to be purchased under the Company’s employee stock purchase plan and unvested restricted stock units. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, an increase in the fair market value of the Company’s common stock can result in a greater dilutive effect from potentially dilutive securities.

The following table shows the computation of basic and diluted earnings per share:

Fiscal Years	2013		2012		2011
(in thousands, except per share data)
Numerator:
Net income attributable to Trimble Navigation Ltd.	$	218,855	$	191,060	$	150,755
Denominator:
Weighted average number of common shares used in basic earnings per share	256,648		251,132		245,450
Effect of dilutive securities	4,558		5,642		6,816
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share	261,206		256,774		252,266
Basic earnings per share	$	0.85	$	0.76	$	0.61
Diluted earnings per share	$	0.84	$	0.74	$	0.60

For fiscal 2013, 2012 and 2011 the Company excluded 3.1 million shares, 4.8 million shares and 3.8 million shares of outstanding stock options, respectively, from the calculation of diluted earnings per share because their effect would have been antidilutive.