XML 46 R23.htm IDEA: XBRL DOCUMENT v3.5.0.1
Net Income per Share
 12 Months Ended
Apr. 29, 2016
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 29,

2016

 

 

April 24,

2015

 

 

April 25,

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

229

 

 

$

560

 

 

$

638

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

294

 

 

 

316

 

 

 

340

 

Dilutive impact of employee equity award plans

 

 

3

 

 

 

5

 

 

 

7

 

Dilutive impact of assumed conversion of convertible notes

 

 

—

 

 

 

—

 

 

 

1

 

Shares used in diluted computation

 

 

297

 

 

 

321

 

 

 

348

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.78

 

 

$

1.77

 

 

$

1.87

 

Diluted

 

$

0.77

 

 

$

1.75

 

 

$

1.83

 

 

We have excluded 12 million, 8 million and 6 million weighted-average shares of common stock potentially issuable under employee equity award plans in fiscal 2016, 2015 and 2014, respectively, from the diluted net income per share calculations as their effect would have been anti-dilutive.