Net Income Per Share

12 Months Ended

Jan. 31, 2023

Basic net income per share is computed using the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed using the weighted average number of shares of common stock outstanding during 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:


	Fiscal Year Ended January 31,
	2023		2022		2021
Numerator:
Net income	$	823	$	497	$	1,208
Denominator:
Weighted average shares for basic net income per share	216		220		219
Effect of dilutive securities	2		2		3
Weighted average shares for dilutive net income per share	218		222		222
Basic net income per share	$	3.81	$	2.26	$	5.52
Diluted net income per share	$	3.78	$	2.24	$	5.44

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 fiscal year. The effect of 962 thousand, 153 thousand, and 90 thousand anti-dilutive shares were excluded from the computation of diluted net income per share for the fiscal years ended January 31, 2023, 2022, and 2021, respectively.