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 |
39-Weeks Ended |
||||||||||||||
| September 26, | September 27, | September 26, | September 27, | ||||||||||||
| 2009 | 2008 | 2009 | 2008 | ||||||||||||
| Net Income (GAAP) | $ | 215,133 | $ | 171,244 | $ | 425,542 | $ | 575,115 | |||||||
| Foreign currency (gain) / loss, net of tax effects | ($9,848 | ) | $ | 10,322 | ($3,689 | ) | ($3,904 | ) | |||||||
| Gain on sale of equity securities, net of tax effects | - | - | - | ($41,269 | ) | ||||||||||
| Net income (Pro Forma) | $ | 205,285 | $ | 181,566 | $ | 421,853 | $ | 529,942 | |||||||
| Net income per share (GAAP): | |||||||||||||||
| Basic | $ | 1.07 | $ | 0.83 | $ | 2.12 | $ | 2.71 | |||||||
| Diluted | $ | 1.07 | $ | 0.82 | $ | 2.12 | $ | 2.68 | |||||||
| Net income per share (Pro Forma) | |||||||||||||||
| Basic | $ | 1.02 | $ | 0.88 | $ | 2.11 | $ | 2.50 | |||||||
| Diluted | $ | 1.02 | $ | 0.87 | $ | 2.10 | $ | 2.47 | |||||||
| Weighted average common shares outstanding: | |||||||||||||||
| Basic | 200,546 | 206,634 | 200,398 | 212,299 | |||||||||||
| Diluted | 201,599 | 208,107 | 201,038 | 214,252 | |||||||||||
