GRMN » Topics » 5. Earnings Per Share

This excerpt taken from the GRMN 10-Q filed Aug 3, 2005.

5. Earnings Per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share information):

13-Weeks Ended
June 25,
      2005

June 26,
      2004

Numerator:            
    Numerator for basic and diluted net income  
        per share - net income   $74,194   $56,315  



Denominator:
  
    Denominator for basic net income per share -  
        weighted-average common shares    108,368    108,161  

    Effect of dilutive securities -
  
        employee stock options    775    723  



    Denominator for diluted net income per share -
  
        adjusted weighted-average common shares    109,143    108,884  


Basic net income per share   $0.68   $0.52  


Diluted net income per share   $0.68   $0.52  





26-Weeks Ended
June 25,
      2005

June 26,
      2004

Numerator:            
    Numerator for basic and diluted net income  
        per share - net income   $121,595   $90,970  


Denominator:  
    Denominator for basic net income per share -  
        weighted-average common shares    108,347    108,179  

    Effect of dilutive securities -
  
        employee stock options    900    873  


    Denominator for diluted net income per share -  
        adjusted weighted-average common shares    109,247    109,052  


Basic net income per share   $1.12   $0.84  


Diluted net income per share   $1.11   $0.83  


There were 539,810 antidilutive options for the 13-week period and 26-week period ended June 25, 2005.

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This excerpt taken from the GRMN 10-K filed Mar 9, 2005.

12.  Earnings Per Share

        The following table sets forth the computation of basic and diluted net income per share:

Fiscal Year Ended
December 25,
2004

December 27,
2003

December 28,
2002

Numerator (in thousands):                
       Numerator for basic and diluted  
           net income per share - net income   $205,700   $178,634   $142,797  



Denominator (in thousands):  
       Denominator for basic net income per share -  
           weighted-average common shares    108,161    108,011    107,774  
       Effect of dilutive securities -  
           employee stock options (note 11)    869    891    427  



       Denominator for diluted net income per share -  
           adjusted weighted-average common shares    109,030    108,902    108,201  



Basic net income per share   $1.90   $1.65   $1.32  



Diluted net income per share   $1.89   $1.64   $1.32  



        Options to purchase 141 shares of common stock at $54.54 per share were outstanding during 2004, 48 shares of common stock at $54.54 per share were outstanding during 2003, and 472 shares of common stock at prices ranging from $21.67 to $29.79 per share were outstanding during 2002 but were not included in the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common shares and, therefore, the effect was antidilutive.

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EXCERPTS ON THIS PAGE:

10-Q
Aug 3, 2005
10-K
Mar 9, 2005
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