Earnings/Loss Per Share

6 Months Ended

Jul. 31, 2014

Earnings Per Share [Abstract]

Earnings/Loss Per Share

Earnings/Loss Per Share

Basic earnings/loss per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the fiscal period. Diluted earnings/loss per share is computed by giving effect to all potential weighted average dilutive common stock, including options, restricted stock units, warrants and the convertible senior notes. The dilutive effect of outstanding awards and convertible securities is reflected in diluted earnings per share by application of the treasury stock method. Diluted loss per share for the three and six months ended July 31, 2014 are the same as basic loss per share as there is a net loss in these periods and inclusion of potentially issuable shares is anti-dilutive.

A reconciliation of the denominator used in the calculation of basic and diluted loss per share is as follows (in thousands):

	Three Months Ended July 31,					Six Months Ended July 31,
	2014			2013		2014			2013
Numerator:
Net income (loss)	$	(61,088	)	$	76,603	$	(157,999	)	$	8,882
Denominator:
Weighted-average shares outstanding for basic income (loss) per share	617,016			593,955		614,797			591,210
Effect of dilutive securities:
Convertible senior notes	0			12,977		0			13,270
Employee stock awards	0			7,394		0			7,804
Warrants	0			10,330		0			11,581
Adjusted weighted-average shares outstanding and assumed conversions for diluted income (loss) per share	617,016			624,656		614,797			623,865

The weighted-average number of shares outstanding used in the computation of basic and diluted earnings/loss per share does not include the effect of the following potential outstanding common stock. The effects of these potentially outstanding shares were not included in the calculation of diluted earnings/loss per share because the effect would have been anti-dilutive (in thousands):

	Three Months Ended July 31,		Six Months Ended July 31,
	2014	2013	2014	2013
Stock awards	18,868	9,310	20,116	8,172
Convertible senior notes	30,021	17,309	30,341	17,309
Warrants	44,253	17,309	44,253	17,309