EARNINGS PER SHARE ("EPS")

6 Months Ended

Jul. 31, 2012

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 4 — Stock-Based Compensation) using the if-converted and treasury stock methods, where applicable. The composition of basic and diluted EPS is as follows:

	Three months ended July 31,
	2012						2011
	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	$	34,458		38,826	$	0.89	$	50,107		45,097	$	1.11
Effect of dilutive securities:
Equity-based awards				229						499
Net income per common share attributable to shareholders of Tech Data Corporation—diluted	$	34,458		39,055	$	0.88	$	50,107		45,596	$	1.10

	Six months ended July 31,
	2012						2011
	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	$	86,150		39,977	$	2.15	$	98,808		46,129	$	2.14
Effect of dilutive securities:
Equity-based awards				337						607
Net income per common share attributable to shareholders of Tech Data Corporation—diluted	$	86,150		40,314	$	2.14	$	98,808		46,736	$	2.11

At July 31, 2012 and 2011, there were 9,456 and 16,382 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.

The Company’s $350.0 million convertible senior debentures issued in December 2006 were repaid during December 2011. The $350.0 million convertible senior debentures did not impact earnings per share at July 31, 2011, as the conditions for the contingent conversion feature had not been met.