XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Shareholders' Equity | 9 Months Ended
--- | ---
Sep. 28, 2018
Equity [Abstract] |
SHAREHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Stock Repurchase Activities In November 2017, the Company’s Board of Directors approved a stock repurchase program ("2017 Stock Repurchase Program"), authorizing the Company to repurchase up to $600.0 million of Trimble’s common stock. Under the share repurchase program, the Company may repurchase shares from time to time in open market transactions, privately negotiated transactions, accelerated share buyback programs, tender offers or by other means. The timing and amount of repurchase transactions will be determined by the Company’s management based on its evaluation of market conditions, share price, legal requirements and other factors. The program may be suspended, modified or discontinued at any time, without prior notice. During the first quarter of fiscal 2018, the Company repurchased approximately 1.3 million shares of common stock in open market purchases, at an average price of $39.43 per share, for a total of $50.0 million under the 2017 Stock Repurchase Program. The Company temporarily suspended its stock repurchase program in April 2018. There were no shares repurchased during the second quarter and third quarter of fiscal 2018. Stock repurchases are reflected as a decrease to common stock based on par value and additional-paid-in-capital based on the average book value per share for all outstanding shares calculated at the time of each individual repurchase transaction. The excess of the purchase price over this average for each repurchase is charged to retained earnings. As a result of the repurchases, retained earnings was reduced by $42.5 million in the first quarter of fiscal 2018. Common stock repurchases under the program were recorded based upon the trade date for accounting purposes. At the end of the third quarter of fiscal 2018, the 2017 Stock Repurchase Program had remaining authorized funds of $392.2 million. Stock-Based Compensation Expense Stock compensation expense is recognized based on the fair value of the portion of share-based payment awards that is expected to vest during the period and is net of estimated forfeitures. The following table summarizes stock-based compensation expense for the third quarter and first three quarters of fiscal 2018 and 2017:
| Third Quarter of |  | First Three Quarters of
| 2018 |  | 2017 |  | 2018 |  | 2017
(In millions) |  |  |  |  |  |  |
Cost of sales | $ | 1.1 |  |  | $ | 1.1 |  |  | $ | 3.3 |  |  | $ | 2.8 |
Research and development | 3.9 |  |  | 2.7 |  |  | 10.2 |  |  | 7.7 |
Sales and marketing | 2.5 |  |  | 2.4 |  |  | 7.2 |  |  | 7.0 |
General and administrative | 11.3 |  |  | 9.9 |  |  | 32.4 |  |  | 27.5 |
Total operating expense | 17.7 |  |  | 15.0 |  |  | 49.8 |  |  | 42.2 |
Total stock-based compensation expense | $ | 18.8 |  |  | $ | 16.1 |  |  | $ | 53.1 |  |  | $ | 45.0 |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration