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 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 October 31,
	2011						2010
	Net income attributable to Tech Data		Weighted average shares		Per share amount		Net income attributable to Tech Data		Weighted average shares		Per share amount
	(In thousands, except per share data)
Net income per common share attributable to shareholders of Tech Data—basic	$	53,519		42,104	$	1.27	$	50,458		46,672	$	1.08

Effect of dilutive securities:
Equity-based awards				450						397

Net income per common share attributable to shareholders of Tech Data—diluted	$	53,519		42,554	$	1.26	$	50,458		47,069	$	1.07


	Nine months ended October 31,
	2011						2010
	Net income attributable to Tech Data		Weighted average shares		Per share amount		Net income attributable to Tech Data		Weighted average shares		Per share amount
	(In thousands, except per share data)
Net income per common share attributable to shareholders of Tech Data—basic	$	152,327		44,602	$	3.42	$	136,946		49,234	$	2.78

Effect of dilutive securities:
Equity-based awards				555						450

Net income per common share attributable to shareholders of Tech Data—diluted	$	152,327		45,157	$	3.37	$	136,946		49,684	$	2.76

At October 31, 2011 and 2010, there were 35,181 and 1,144,042 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 October 31, 2011 or 2010 as the conditions for the contingent conversion feature have not been met (see further discussion in Note 3 — Debt).