Earnings Per Share

12 Months Ended

Dec. 29, 2023

NOTE 2: 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, restricted stock units (“RSUs”), contingently issuable shares, and shares to be purchased under our employee stock purchase plan.

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


	2023		2022		2021
(In millions, except per share amounts)
Numerator:
Net income attributable to Trimble Inc.	$	311.3	$	449.7	$	492.7
Denominator:
Weighted-average number of common shares used in basic earnings per share	247.9		248.6		251.4
Effect of dilutive securities	1.2		1.6		2.9
Weighted-average number of common shares and dilutive potential common shares used in diluted earnings per share	249.1		250.2		254.3

Basic earnings per share	$	1.26	$	1.81	$	1.96
Diluted earnings per share	$	1.25	$	1.80	$	1.94

Antidilutive weighted-average shares (1)	1.9		1.3		0.1

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