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Net Income (Loss) per Share
9 Months Ended
Jan. 26, 2018
Earnings Per Share [Abstract]  
Net Income (Loss) per Share

14. Net Income (Loss) per Share

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

January 26,

2018

 

 

January 27,

2017

 

 

January 26,

2018

 

 

January 27,

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(506

)

 

$

146

 

 

$

(195

)

 

$

319

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

268

 

 

 

274

 

 

 

269

 

 

 

277

 

Dilutive impact of employee equity award plans

 

 

 

 

 

7

 

 

 

 

 

 

5

 

Shares used in diluted computation

 

 

268

 

 

 

281

 

 

 

269

 

 

 

282

 

Net Income (Loss) per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(1.89

)

 

$

0.53

 

 

$

(0.72

)

 

$

1.15

 

Diluted

 

$

(1.89

)

 

$

0.52

 

 

$

(0.72

)

 

$

1.13

 

Potential shares from outstanding employee equity awards totaling 15 million and 4 million for the three months ended January 26, 2018 and January 27, 2017, respectively, and 17 million and 8 million for the nine months ended January 26, 2018 and January 27, 2017, respectively, were excluded from the diluted net income (loss) per share calculations as their inclusion would have been anti-dilutive.