Net Income Per Share

3 Months Ended

Apr. 30, 2022

Basic net income per share is computed using the weighted average number of shares of common stock outstanding for the period. Diluted net income per share is computed using the weighted average number of shares of common stock outstanding for the period and potentially dilutive common shares, including the effect of restricted stock units, performance share awards, and stock options using the treasury stock method. The following table sets forth the computation of the numerators and denominators used in the basic and diluted net income per share amounts:


	Three Months Ended April 30,
	2022		2021
Numerator:
Net income	$	146	$	156
Denominator:
Denominator for basic net income per share—weighted average shares	217		220
Effect of dilutive securities	2		2
Denominator for dilutive net income per share	219		222
Basic net income per share	$	0.67	$	0.71
Diluted net income per share	$	0.67	$	0.70

The computation of diluted net income per share does not include shares that are anti-dilutive under the treasury stock method because their exercise prices are higher than the average market value of Autodesk’s stock during the periods. For the three months ended April 30, 2022 and 2021, there were 531 thousand and 410 thousand potentially anti-dilutive shares excluded from the computation of diluted net income per share, respectively.