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Net Income per Share
 3 Months Ended
Jul. 31, 2020
Earnings Per Share [Abstract]  
Net Income per Share

14. Net Income per Share

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

 

 

Three Months Ended

 

 

July 31,

2020

 

 

July 26,

2019

 

Numerator:

 

 

 

 

 

 

 

Net income

$

77

 

 

$

103

 

Denominator:

 

 

 

 

 

 

 

Shares used in basic computation

 

221

 

 

 

239

 

Dilutive impact of employee equity award plans

 

1

 

 

 

4

 

Shares used in diluted computation

 

222

 

 

 

243

 

Net Income per Share:

 

 

 

 

 

 

 

Basic

$

0.35

 

 

$

0.43

 

Diluted

$

0.35

 

 

$

0.42

 

Six million potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for the three months ended July 31, 2020, while less than one million potential shares were excluded from the calculation for the three months ended July 26, 2019, as their inclusion would have been anti-dilutive.