TRIMBLE NAVIGATION LIMITED
EXHIBIT 11.1
Computation of Earnings (Loss) Per Common Share
Three Months Ended Nine Months Ended
September 30, September 30,
1996 1995 1996 1995
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(In thousands, except per share data)
PRIMARY EARNINGS (LOSS) PER COMMON SHARE
Computation of common and common
equivalent shares outstanding:
Common stock outstanding 22,029 20,338 21,833 19,425
Common stock options - 1,382 - 1,236
Common stock warrants - 255 - 202
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Total weighted average common
and dilutive common equivalent shares outstanding 22,029 21,975 21,833 20,863
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Net income (loss) $ (8,834) $ 4,340 $ (12,565) $ 10,554
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Primary earnings (loss) per share $ (0.40) $ 0.20 $ (0.58) $ 0.51
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FULLY DILUTED EARNINGS (LOSS) PER COMMON SHARE
Computation of common and common
equivalent shares outstanding:
Common stock outstanding 22,029 20,338 21,833 19,425
Common stock options - 1,428 - 1,278
Common stock warrants - 264 - 211
---------- ---------- ---------- -----------
Total weighted average common
and dilutive common equivalent shares outstanding 22,029 22,030 21,833 20,914
========== ========== ========== ===========
Net income (loss) $ (8,834) $ 4,430 $ (12,565) $ 10,554
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Fully diluted earnings (loss) per share $ (0.40) $ 0.20 $ (0.58) $ 0.50
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