Net Income Per Share

6 Months Ended

Jul. 31, 2023

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 July 31,				Six Months Ended July 31,
	2023		2022		2023		2022
Numerator:
Net income	$	222	$	186	$	383	$	332
Denominator:
Denominator for basic net income per share—weighted average shares	214		217		214		217
Effect of dilutive securities	1		1		2		1
Denominator for dilutive net income per share	215		218		216		218
Basic net income per share	$	1.04	$	0.86	$	1.79	$	1.53
Diluted net income per share	$	1.03	$	0.85	$	1.77	$	1.52

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 and six months ended July 31, 2023, there were 436 thousand and 512 thousand anti-dilutive shares excluded from the computation of diluted net income per share, respectively. For the three and six months ended July 31, 2022, there were 1,705 thousand and 1,118 thousand anti-dilutive shares excluded from the computation of diluted net income per share, respectively.