Net Income per Share

3 Months Ended

Jul. 26, 2013

Net Income per Share

13.  Net Income per Share

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

	Three Months Ended
	July 26, 2013		July 27, 2012
Numerator:
Net income	$	81.6	$	63.8
Denominator:
Shares used in basic computation		350.9		366.1
Dilutive potential shares related to employee equity award plans		6.9		4.9
Dilutive impact of assumed conversion of Convertible Notes		2.1		0.2
Shares used in diluted computation		359.9		371.2
Net Income per Share:
Basic	$	0.23	$	0.17
Diluted	$	0.23	$	0.17

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
	July 26, 2013		July 27, 2012
Employee equity award plans		6.6		17.7

Dilutive shares do not include any effect resulting from warrants as their impact would have been anti-dilutive for all periods reported above.