Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Apr. 29, 2011

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (Unaudited)

19. Selected Quarterly Financial Data

Selected quarterly financial data for fiscal 2011 and 2010 was as follows (in millions, except per share amounts):

	Year Ended April 29, 2011
	Q1 (1)		Q2 (1)		Q3 (1)		Q4 (2)
Net revenues	$	1,153.7	$	1,251.0	$	1,289.6	$	1,428.3
Gross profit		737.8		816.5		846.2		928.2
Income before income taxes		171.0		202.3		212.7		208.1
Net income		150.7		175.4		186.4		160.6
Net income per share, basic		0.43		0.49		0.51		0.44
Net income per share, diluted		0.40		0.45		0.46		0.40

	Year Ended April 30, 2010
	Q1		Q2		Q3		Q4
Net revenues	$	838.0	$	910.0	$	1,011.7	$	1,171.7
Gross profit		522.5		606.7		641.5		748.5
Income before income taxes		59.2		106.0		117.9		163.9
Net income		51.7		95.7		107.9		145.1
Net income per share, basic		0.15		0.28		0.32		0.42
Net income per share, diluted		0.15		0.27		0.30		0.40

(1) The amounts previously reported in our Quarterly Reports on Form 10-Q for fiscal 2011 have been adjusted to reflect the retrospective adoption of new revenue recognition accounting standards, which is discussed more fully in Note 2. The impact from the adoption was as follows (in millions, except per share amounts):

	Year Ended April 29, 2011
	Q1		Q2		Q3
Net revenues	$	15.9	$	43.6	$	21.5
Gross profit		13.4		15.4		22.4
Income before income taxes		13.4		15.4		22.4
Net income		8.9		10.8		13.9
Net income per share, basic		0.03		0.03		0.04
Net income per share, diluted		0.02		0.03		0.04

(2) As a result of the adoption of new revenue recognition accounting standards, fourth quarter fiscal 2011 net revenues and net income were higher by $48.2 million and $19.4 million, respectively

In the fourth quarter of fiscal 2011 we identified classification errors in previously issued interim condensed consolidated balance sheets as of October 29, 2010 and January 28, 2011, related to our 1.75% convertible senior notes due June 2013 (the "Notes") which had met the conversion threshold set forth in the Notes. See note 10 for the further discussion regarding the Notes. The Notes were previously reported as a long term liability of $1,125.4 million and $1,137.7 million as of October 29, 2010 and January 28, 2011, and should have been reflected as a current liability. In addition $139.6 million and $127.3 million as of October 29, 2010 and January 28, 2011, respectively, was recorded within additional paid-in-capital and should have been presented as temporary equity. Management has determined that the foregoing errors are not material to the previously issued interim condensed consolidated financial statements. The Company made these reclassifications in the consolidated balance sheet as of April 29, 2011, and will prospectively correct the classification errors in our interim condensed consolidated financial statements during fiscal 2012. The errors did not affect the previously reported results of operations or cash flows of the Company.