Earnings Per Share ("EPS")

6 Months Ended

Jul. 31, 2011

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")

NOTE 2 — EARNINGS PER SHARE ("EPS")

The Company reports a dual presentation of basic and diluted EPS. Basic EPS is computed by dividing net income attributable to shareholders of Tech Data Corporation by the weighted average number of common shares outstanding during the reported period. Diluted EPS reflects the potential dilution related to equity-based incentives (as further discussed in Note 5 – Stock-Based Compensation) using the if-converted and treasury stock methods, where applicable. The computation of basic and diluted EPS is as follows:

	Three months ended July 31,
	2011						2010
	Net income attributable to Tech Data Corporation		Weighted average shares		Per share amount		Net income attributable to Tech Data Corporation		Weighted average shares		Per share amount
	(In thousands, except per share data)
Net income per common share attributable to shareholders of Tech Data Corporation—basic	$	50,107		45,097	$	1.11	$	40,855		49,612	$	0.82
Effect of dilutive securities:
Equity-based awards				499						374
Net income per common share attributable to shareholders of Tech Data Corporation—diluted	$	50,107		45,596	$	1.10	$	40,855		49,986	$	0.82

	Six months ended July 31,
	2011						2010
	Net income attributable to Tech Data Corporation		Weighted average shares		Per share amount		Net income attributable to Tech Data Corporation		Weighted average shares		Per share amount
	(In thousands, except per share data)
Net income per common share attributable to shareholders of Tech Data Corporation—basic	$	98,808		46,129	$	2.14	$	86,488		50,537	$	1.71
Effect of dilutive securities:
Equity-based awards				607						475
Net income per common share attributable to shareholders of Tech Data Corporation—diluted	$	98,808		46,736	$	2.11	$	86,488		51,012	$	1.70

At July 31, 2011 and 2010, there were 16,382 and 1,180,856 equity-based compensation awards, respectively, excluded from the computation of diluted earnings per share because the exercise price was greater than the average market price, thereby resulting in an antidilutive effect.

In December 2006, the Company issued $350.0 million of convertible senior debentures due 2026. The dilutive impact of the $350.0 million convertible senior debentures does not impact earnings per share at either July 31, 2011 or 2010 as the conditions for the contingent conversion feature have not been met (see further discussion in Note 3 — Debt).