Earnings Per Share

3 Months Ended

Apr. 02, 2021

Basic earnings per share is computed by dividing net income attributable to Trimble Inc. by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to Trimble Inc. 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, restricted stock units, and contingently issuable shares.

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


	First Quarter of
	2021		2020
(In millions, except per share amounts)
Numerator:
Net income attributable to Trimble Inc.	$	114.5	$	61.9
Denominator:
Weighted average number of common shares used in basic earnings per share	251.1		249.9
Effect of dilutive securities	3.2		1.8
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share	254.3		251.7
Basic earnings per share	$	0.46	$	0.25
Diluted earnings per share	$	0.45	$	0.25

For the first quarter of fiscal 2021 and 2020, 0.1 million and 0.5 million, respectively, of shares was excluded from the calculation of diluted earnings per share because their effect would have been antidilutive.