Net Income per Share

3 Months Ended

Jul. 25, 2014

Net Income per Share

12. 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
	July 25, 2014		July 26, 2013
Numerator:
Net income	$	88.4	$	81.6
Denominator:
Shares used in basic computation		323.5		350.9
Dilutive potential shares related to employee equity award plans		5.6		6.9
Dilutive impact of assumed conversion of Convertible Notes		0.0		2.1
Shares used in diluted computation		329.1		359.9
Net Income per Share:
Basic	$	0.27	$	0.23
Diluted	$	0.27	$	0.23

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 25, 2014		July 26, 2013
Employee equity award plans		8.5		6.6