Earnings Per Share

3 Months Ended

Apr. 01, 2022

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, 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:


	First Quarter of
	2022		2021
(In millions, except per share amounts)
Numerator:
Net income attributable to Trimble Inc.	$	110.3	$	114.5
Denominator:
Weighted average number of common shares used in basic earnings per share	250.8		251.1
Effect of dilutive securities	2.0		3.2
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share	252.8		254.3

Basic earnings per share	$	0.44	$	0.46
Diluted earnings per share	$	0.44	$	0.45

Anti-dilutive stock-based awards excluded from the calculations of diluted earnings per share were immaterial during the periods presented.