TRIMBLE NAVIGATION LIMITED
EXHIBIT 11.1
Computation of Earnings (Loss) Per Common Share
Three Months Ended Nine Months Ended
September 30, September 30,
1997 1996 1997 1996
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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 22,364 22,029 22,170 21,833
Common stock options 642 - 405 -
Common stock warrants 157 - 109 -
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Total weighted average common
and dilutive common equivalent shares outstanding 23,163 22,029 22,684 21,833
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Net income (loss) $ 1,592 $ (8,834) $ 6,886 $ (12,565)
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Primary earnings (loss) per share $ 0.07 $ (0.40) $ 0.30 $ (0.58)
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FULLY DILUTED EARNINGS (LOSS) PER COMMON SHARE
Computation of common and common
equivalent shares outstanding:
Common stock outstanding 22,364 22,029 22,170 21,833
Common stock options 802 - 845 -
Common stock warrants 177 - 177 -
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Total weighted average common
and dilutive common equivalent shares outstanding 23,343 22,029 23,192 21,833
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Net income (loss) $ 1,592 $ (8,834) $ 6,886 $ (12,565)
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Fully diluted earnings (loss) per share $ 0.07 $ (0.40) $ 0.30 $ (0.58)
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112