XML 38 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Net Income Per Share
12 Months Ended
Dec. 01, 2017
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
NET INCOME PER SHARE
Basic net income per share is computed using the weighted average number of common shares outstanding for the period, excluding unvested restricted stock units and performance awards. Diluted net income per share is based upon the weighted average common shares outstanding for the period plus dilutive potential common shares, including unvested restricted stock units, performance share awards, and stock options using the treasury stock method.
The following table sets forth the computation of basic and diluted net income per share for fiscal 2017, 2016 and 2015 (in thousands, except per share data):
 
 
2017
 
2016
 
2015
Net income
 
$
1,693,954

 
$
1,168,782

 
$
629,551

Shares used to compute basic net income per share
 
493,632

 
498,345

 
498,764

Dilutive potential common shares:
 
 
 
 
 
 
Unvested restricted stock units and performance share awards
 
7,161

 
5,455

 
7,389

Stock options
 
330

 
499

 
1,011

Shares used to compute diluted net income per share
 
501,123

 
504,299

 
507,164

Basic net income per share
 
$
3.43

 
$
2.35

 
$
1.26

Diluted net income per share
 
$
3.38

 
$
2.32

 
$
1.24


For fiscal 2017, 2016, and 2015 there were no options to purchase shares of common stock with exercise prices greater than the average fair market value of our stock of $138.71, $96.39, and $79.22, respectively, that would have been anti-dilutive.