Net Income per Share Attributable to Deckers Outdoor Corporation Common Stockholders

3 Months Ended

Mar. 31, 2012

Net Income per Share Attributable to Deckers Outdoor Corporation Common Stockholders

Net Income per Share Attributable to Deckers Outdoor Corporation Common Stockholders

(5)Net Income per Share Attributable to Deckers Outdoor Corporation Common Stockholders

Basic net income per share represents net income attributable to Deckers Outdoor Corporation divided by the weighted-average number of common shares outstanding for the period. Diluted net income per share represents net income attributable to Deckers Outdoor Corporation divided by the weighted-average number of shares outstanding, including the dilutive impact of potential issuances of common stock. For the three months ended March 31, 2012 and 2011, the difference between the weighted-average number of basic and diluted common shares resulted from the dilutive impact of NSUs, restricted stock units (RSUs), stock appreciation rights (SARs), and options to purchase common stock. The reconciliations of basic to diluted weighted-average common shares outstanding were as follows:

	Three Months Ended
	March 31,
	2012	2011
Weighted-average shares used in basic computation	38,614,000	38,609,000
Dilutive effect of share-based awards*	480,000	788,000
Weighted-average shares used in diluted computation	39,094,000	39,397,000

*Excluded NSUs and RSUs as of March 31, 2012 and 2011	384,000	269,000
*Excluded SARs as of March 31, 2012 and 2011	525,000	645,000

The share-based awards that were excluded from the dilutive effect were excluded because the necessary conditions had not been satisfied for the shares to be issuable based on the Company’s performance through March 31, 2012 and 2011, respectively.  The excluded awards include the maximum amounts achievable for these awards.