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EARNINGS PER SHARE
 6 Months Ended
Jun. 28, 2013
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
 
2013
 
2012
 
2013
 
2012
(Dollars in thousands, except per share amounts)
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income attributable to Trimble Navigation Ltd.
$
54,581

 
$
53,692

 
$
104,389

 
$
104,510

Denominator:
 
 
 
 
 
 
 
Weighted average number of common shares used in basic earnings per share
256,186

 
250,732

 
255,683

 
249,736

Effect of dilutive securities (using treasury stock method):
 
 
 
 
 
 
 
Common stock options and restricted stock units
4,347

 
5,854


4,733


6,316

Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share
260,533

 
256,586

 
260,416

 
256,052

Basic earnings per share
$
0.21

 
$
0.21

 
$
0.41

 
$
0.42

Diluted earnings per share
$
0.21

 
$
0.21

 
$
0.40

 
$
0.41


For the second quarter of fiscal 2013 and 2012, the Company excluded 3.2 million and 4.6 million shares of outstanding stock options, respectively, from the calculation of diluted earnings per share. For the first two quarters of fiscal 2013 and 2012 the Company excluded 2.8 million and 4.2 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.