Net Income per Share (Tables)

9 Months Ended

Jan. 24, 2014

Computation of Basic and Diluted Net Income Per Share

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

	Three Months Ended				Nine Months Ended
	January 24, 2014		January 25, 2013		January 24, 2014		January 25, 2013
Numerator:
Net income	$	192.1	$	158.1	$	440.5	$	331.5
Denominator:
Shares used in basic computation		339.4		359.5		343.7		362.5
Dilutive potential shares related to employee equity award plans		6.8		5.1		7.0		5.1
Dilutive impact of assumed conversion of Convertible Notes		0.0		0.1		0.7		0.5
Dilutive impact of warrants		0.0		0.0		0.3		0.0
Shares used in diluted computation		346.2		364.7		351.7		368.1
Net Income per Share:
Basic	$	0.57	$	0.44	$	1.28	$	0.91
Diluted	$	0.55	$	0.43	$	1.25	$	0.90

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 24, 2014		January 25, 2013		January 24, 2014		January 25, 2013
Employee equity award plans		5.7		15.0		6.5		16.4