Earnings Per Share

12 Months Ended

Jan. 03, 2020

EARNINGS PER SHARE

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 potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options, restricted stock units, contingently issuable shares, and shares to be purchased under the Company’s employee stock purchase plan.

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



Fiscal Years	2019		2018		2017
(In millions, except per share data)
Numerator:
Net income attributable to Trimble Inc.	$	514.3	$	282.8	$	118.4
Denominator:
Weighted average number of common shares used in basic earnings per share	250.8		250.0		252.1
Effect of dilutive securities	2.1		3.4		4.6
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share	252.9		253.4		256.7
Basic earnings per share	$	2.05	$	1.13	$	0.47
Diluted earnings per share	$	2.03	$	1.12	$	0.46

For fiscal 2019, 2018, and 2017, the Company excluded an insignificant number of shares from the calculation of diluted earnings per share because their effect would have been antidilutive.