Earnings Per Share

6 Months Ended

Jul. 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:


	Second Quarter of				First Two Quarters of
	2021		2020		2021		2020
(In millions, except per share amounts)
Numerator:
Net income attributable to Trimble Inc.	$	138.9	$	63.0	$	253.4	$	124.9
Denominator:
Weighted average number of common shares used in basic earnings per share	251.5		250.0		251.3		250.0
Effect of dilutive securities	2.7		1.2		2.9		1.5
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share	254.2		251.2		254.2		251.5

Basic earnings per share	$	0.55	$	0.25	$	1.01	$	0.50
Diluted earnings per share	$	0.55	$	0.25	$	1.00	$	0.50

Antidilutive weighted average shares (1)	0.1		2.1		0.2		1.8

(1) Antidilutive shares are excluded from the calculation of diluted shares and diluted earnings per share because their impact would increase the diluted earnings per share.