The following table contains a reconciliation of GAAP net income per share to net income per share excluding the impact of foreign currency translation gain or loss.
Garmin Ltd. And Subsidiaries | |||
Net income per share, excluding FX | |||
( in thousands, except per share information) | |||
13-Weeks Ended | |||
March 28, | March 29, | ||
2009 | 2008 | ||
Net Income (GAAP) | $48,538 | $147,779 | |
Foreign currency (gain) / loss, net of tax effects | $1,975 | $3,239 | |
Net income, excluding FX | $50,513 | $151,018 | |
Net income per share (GAAP): | |||
Basic | $0.24 | $0.68 | |
Diluted | $0.24 | $0.67 | |
Net income per share, excluding FX: | |||
Basic | $0.25 | $0.70 | |
Diluted | $0.25 | $0.69 | |
Weighted average common shares outstanding: | |||
Basic | 200,352 | 216,505 | |
Diluted | 200,725 | 218,979 |