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Net Income per Share (Tables)
9 Months Ended
Jan. 25, 2013
Computation Of Basic And Diluted Net Income Per Share

The following is a calculation of basic and diluted net income per share (in millions):

 

     Three Months Ended      Nine Months Ended  
     January 25,
2013
     January 27,
2012
     January 25,
2013
     January 27,
2012
 

Numerator:

           

Net income

   $ 158.1       $ 119.6       $ 331.5       $ 424.7   

Denominator:

           

Shares used in basic computation

     359.5         360.3         362.5         364.0   

Dilutive potential shares related to employee equity award plans

     5.1         7.6         5.1         9.1   

Dilutive impact of assumed conversion of Convertible Notes

     0.1         5.8         0.5         9.3   

Dilutive impact of warrants

     0.0         0.0         0.0         2.7   
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares used in diluted computation

     364.7         373.7         368.1         385.1   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net Income per Share:

           

Basic

   $ 0.44       $ 0.33       $ 0.91       $ 1.17   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

   $ 0.43       $ 0.32       $ 0.90       $ 1.10   
  

 

 

    

 

 

    

 

 

    

 

 

 
Anti-Dilutive Shares Excluded From The Calculation Of Net Income Per Share

The following potential weighted-average shares of common stock have been excluded from the diluted net income per share calculations, as their effect would have been anti-dilutive (in millions):

 

     Three Months Ended      Nine Months Ended  
     January 25,
2013
     January 27,
2012
     January 25,
2013
     January 27,
2012
 

Employee equity award plans

     15.0         13.5         16.4         10.9