Earnings Per Share

12 Months Ended

Dec. 31, 2021

EARNINGS PER SHARE

Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period plus additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. Potentially dilutive common shares include outstanding stock options, RSUs, contingently issuable shares, and shares to be purchased under our ESPP.

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


	2021		2020		2019
(In millions, except per share data)
Numerator:
Net income attributable to Trimble Inc.	$	492.7	$	389.9	$	514.3
Denominator:
Weighted average number of common shares used in basic earnings per share	251.4		250.5		250.8
Effect of dilutive securities	2.9		1.8		2.1
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share	254.3		252.3		252.9
Basic earnings per share	$	1.96	$	1.56	$	2.05
Diluted earnings per share	$	1.94	$	1.55	$	2.03

Anti-dilutive stock-based awards excluded from the calculations of diluted EPS were immaterial during the periods presented.