Earnings Per Share

12 Months Ended

Jan. 01, 2021

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, 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:


Fiscal Years	2020		2019		2018
(In millions, except per share data)
Numerator:
Net income attributable to Trimble Inc.	$	389.9	$	514.3	$	282.8
Denominator:
Weighted average number of common shares used in basic earnings per share	250.5		250.8		250.0
Effect of dilutive securities	1.8		2.1		3.4
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share	252.3		252.9		253.4
Basic earnings per share	$	1.56	$	2.05	$	1.13
Diluted earnings per share	$	1.55	$	2.03	$	1.12

For fiscal 2020, 2019, and 2018, 0.5 million, 0.1 million, and 0.7 million, respectively, of shares were excluded from the calculation of diluted earnings per share because their effect would have been antidilutive.