The following table contains a reconciliation of GAAP net income per share to pro forma net income per share.
| Garmin Ltd. And Subsidiaries | |||||||||||
| Net income per share (Pro Forma) | |||||||||||
| (in thousands, except per share information) | |||||||||||
| 13-Weeks Ended | 26-weeks Ended | ||||||||||
| June 25, | June 26, | June 25, | June 26, | ||||||||
| 2011 | 2010 | 2011 | 2010 | ||||||||
| Net Income (GAAP) | $109,477 | $134,816 | $204,959 | $172,144 | |||||||
| Foreign currency (gain) / loss, net of tax effects | 12,588 | 35,756 | 2,261 | 73,916 | |||||||
| Net income (Pro Forma) | $122,065 | $170,572 | $207,220 | $246,060 | |||||||
| Net income per share (GAAP): | |||||||||||
| Basic | $0.56 | $0.68 | $1.06 | $0.86 | |||||||
| Diluted | $0.56 | $0.67 | $1.05 | $0.86 | |||||||
| Net income per share (Pro Forma): | |||||||||||
| Basic | $0.63 | $0.86 | $1.07 | $1.23 | |||||||
| Diluted | $0.63 | $0.85 | $1.06 | $1.23 | |||||||
| Weighted average common shares outstanding: | |||||||||||
| Basic | 194,051 | 198,948 | 193,986 | 199,437 | |||||||
| Diluted | 194,875 | 200,102 | 194,801 | 200,626 | |||||||
