XML 61 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS PER SHARE
 6 Months Ended
Jun. 29, 2012
EARNINGS PER SHARE

NOTE 10. EARNINGS PER SHARE

The following data was used in computing earnings per share and the effect on the weighted-average number of shares of potentially dilutive common stock.

 

     Second Quarter of      First Two Quarters of  
     2012      2011      2012      2011  
(Dollars in thousands, except per share amounts)                            

Numerator:

            

Net income attributable to Trimble Navigation Ltd.

    $ 53,692       $ 53,678       $ 104,510       $ 93,381   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Weighted average number of common shares used in basic earnings per share

      125,366         122,667         124,868         122,243   

Effect of dilutive securities (using treasury stock method):

            

Common stock options and restricted stock units

      2,927         3,525         3,158         3,781   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share

      128,293         126,192         128,026         126,024   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ 0.43       $ 0.44       $ 0.84       $ 0.76   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share

    $ 0.42       $ 0.43       $ 0.82       $ 0.74   
  

 

 

     

 

 

     

 

 

     

 

 

  

For the second quarter of fiscal 2012 and 2011 the Company excluded 2.3 million shares and 1.6 million shares of outstanding stock options, respectively, from the calculation of diluted earnings per share. For the first two quarters of fiscal 2012 and 2011 the Company excluded 2.1 million shares and 1.2 million shares of outstanding stock options, respectively, from the calculation of diluted earnings per share. These shares were excluded because the exercise prices of these stock options were greater than or equal to the average market value of the common shares during the respective periods. Inclusion of these shares would be antidilutive. These options could be included in the calculation in the future if the average market value of the common shares increases and is greater than the exercise price of these options.