EARNINGS PER SHARE ("EPS")

9 Months Ended

Oct. 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 6 — 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 October 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	$	45,898		37,765	$	1.22	$	53,519		42,104	$	1.27
Effect of dilutive securities:
Equity-based awards				260						450
Net income per common share attributable to shareholders of Tech Data Corporation—diluted	$	45,898		38,025	$	1.21	$	53,519		42,554	$	1.26

	Nine months ended October 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	$	132,048		39,234	$	3.37	$	152,327		44,602	$	3.42
Effect of dilutive securities:
Equity-based awards				312						555
Net income per common share attributable to shareholders of Tech Data Corporation—diluted	$	132,048		39,546	$	3.34	$	152,327		45,157	$	3.37

At October 31, 2012 and 2011, there were 9,456 and 35,181 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 October 31, 2011, as the conditions for the contingent conversion feature had not been met.