Earnings Per Share

3 Months Ended

Mar. 30, 2012

Earnings Per Share [Abstract]

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.

	First Quarter of
	2012		2011
(Dollars in thousands, except per share amounts)
Numerator:
Net income attributable to Trimble Navigation Ltd.	$	50,818	$	39,703
Denominator:
Weighted average number of common shares used in basic earnings per share		124,370		121,819
Effect of dilutive securities (using treasury stock method):
Common stock options and restricted stock units		3,390		4,037
Weighted average number of common shares and dilutive		127,760		125,856
potential common shares used in diluted earnings per share
Basic earnings per share	$	0.41	$	0.33
Diluted earnings per share	$	0.40	$	0.32

For the first quarter of fiscal 2012 and 2011 the Company excluded 1.9 million shares and 0.9 million shares of outstanding stock options, respectively, from the calculation of diluted earnings per share 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.