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Earnings Per Share
 9 Months Ended
Jan. 24, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic earnings per share is computed based on the weighted average number of common shares outstanding. Diluted earnings per share is computed based on the weighted average number of common shares outstanding, increased by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued, and reduced by the number of shares the Company could have repurchased using the proceeds from the issuance of the potentially dilutive shares. Potentially dilutive shares of common stock include stock options and other stock-based awards granted under stock-based compensation plans and shares committed to be purchased under the employee stock purchase plan.
The table below sets forth the computation of basic and diluted earnings per share:
 
Three months ended
 
Nine months ended
(in millions, except per share data)
January 24,
2014
 
January 25,
2013
 
January 24,
2014
 
January 25,
2013
Numerator:
 

 
 

 
 

 
 

Net earnings
$
762

 
$
988

 
$
2,617

 
$
2,498

Denominator:
 

 
 

 
 

 
 

Basic – weighted average shares outstanding
998.3

 
1,012.5

 
1,002.7

 
1,020.7

Effect of dilutive securities:
 

 
 

 
 

 
 

Employee stock options
7.8

 
3.0

 
7.1

 
2.3

Employee restricted stock units
3.8

 
5.4

 
4.1

 
5.6

Other
0.1

 
0.1

 
0.1

 
0.1

Diluted – weighted average shares outstanding
1,010.0

 
1,021.0

 
1,014.0

 
1,028.7

 
 

 
 

 
 

 
 

Basic earnings per share:
$
0.76

 
$
0.98

 
$
2.61

 
$
2.45

Diluted earnings per share:
$
0.75

 
$
0.97

 
$
2.58

 
$
2.43


The calculation of weighted average diluted shares outstanding excludes options for approximately 6 million shares of common stock for the nine months ended January 24, 2014, and approximately 40 million shares of common stock for both the three and nine months ended January 25, 2013, because their effect would be anti-dilutive on the Company’s earnings per share. For the three month ended January 24, 2014, there were no options that would have an anti-dilutive effect on the Company's earnings per share.