Net Income per Share

12 Months Ended

Apr. 24, 2015

Earnings Per Share [Abstract]

Net Income per Share

15. Net Income per Share

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

	Year Ended
	April 24, 2015		April 25, 2014		April 26, 2013
Numerator:
Net income	$	559.9	$	637.5	$	505.3
Denominator:
Shares used in basic computation		315.5		340.3		361.5
Dilutive impact of employee equity award plans		5.2		6.9		5.4
Dilutive impact of assumed conversion of Convertible Notes		—		0.5		1.1
Dilutive impact of warrants		—		0.2		—
Shares used in diluted computation		320.7		347.9		368.0
Net Income per Share:
Basic	$	1.77	$	1.87	$	1.40
Diluted	$	1.75	$	1.83	$	1.37

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):

	Year Ended
	April 24, 2015		April 25, 2014		April 26, 2013
Employee equity award plans		7.8		6.4		15.1

Dilutive shares outstanding during fiscal 2013 do not include any effect resulting from warrants, as their impact would have been anti-dilutive.