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Net Income per Share
 12 Months Ended
Apr. 27, 2018
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 27, 2018

 

 

April 28, 2017

 

 

April 29, 2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

76

 

 

$

509

 

 

$

229

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

268

 

 

 

275

 

 

 

294

 

Dilutive impact of employee equity award plans

 

 

8

 

 

 

6

 

 

 

3

 

Shares used in diluted computation

 

 

276

 

 

 

281

 

 

 

297

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.28

 

 

$

1.85

 

 

$

0.78

 

Diluted

 

$

0.28

 

 

$

1.81

 

 

$

0.77

 

 

Potential shares from outstanding employee equity awards totaling 1 million, 6 million and 12 million for fiscal 2018, 2017 and 2016, respectively, were excluded from the diluted net income per share calculations as their inclusion would have been anti-dilutive.