Net Income per Share Attributable to Deckers Outdoor Corporation Common Stockholders

3 Months Ended

Mar. 31, 2013

Net Income per Share Attributable to Deckers Outdoor Corporation Common Stockholders

Net Income per Share Attributable to Deckers Outdoor Corporation Common Stockholders

(4) 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, 2013, the difference between the weighted-average number of basic and diluted common shares resulted from the dilutive impact of NSUs, stock appreciation rights (SARs), and options to purchase common stock. For the three months ended March 31, 2012, the difference between the weighted-average number of basic and diluted common shares resulted from the dilutive impact of NSUs, SARs, restricted stock units (RSUs), 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,
	2013	2012
Weighted-average shares used in basic computation	34,404,000	38,614,000
Dilutive effect of stock-based awards*	384,000	480,000
Weighted-average shares used for diluted computation	34,788,000	39,094,000

*Excluded NSUs	108,000	64,000
*Excluded RSUs	671,000	320,000
*Excluded SARs	525,000	525,000

The share-based awards that were excluded from the dilutive effect were excluded because necessary conditions had not been satisfied for the shares to be issuable based on the Company’s performance through the three months ended March 31, 2013 and 2012, respectively.  The excluded awards include the maximum amounts achievable for these awards.