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Net Income per Share (Tables)
12 Months Ended
Apr. 24, 2015
Earnings Per Share [Abstract]  
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):

 

 

 

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

 

 

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):

 

 

 

Year Ended

 

 

 

April 24,

2015

 

 

April 25,

2014

 

 

April 26,

2013

 

Employee equity award plans

 

 

7.8

 

 

 

6.4

 

 

 

15.1