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Net Income Per Share
6 Months Ended
May 02, 2015
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) per Share
The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
May 2,
2015
 
May 3,
2014
 
May 2,
2015
 
May 3,
2014
Basic net income (loss) per share
 
 
 
 
 
 
 
Net income (loss)
$
77,040

 
$
(13,684
)
 
$
164,307

 
$
67,200

Weighted-average shares used in computing basic net income (loss) per share
420,718

 
436,167

 
424,627

 
438,370

Basic net income (loss) per share
$
0.18

 
$
(0.03
)
 
$
0.39

 
$
0.15

Diluted net income (loss) per share
 
 
 
 
 
 
 
Net income (loss)
$
77,040

 
$
(13,684
)
 
$
164,307

 
$
67,200

Weighted-average shares used in computing basic net income (loss) per share
420,718

 
436,167

 
424,627

 
438,370

Dilutive potential common shares in the form of stock options
1,826

 

 
1,780

 
2,435

Dilutive potential common shares in the form of other share-based awards
10,690

 

 
9,788

 
11,194

Weighted-average shares used in computing diluted net income (loss) per share
433,234

 
436,167

 
436,195

 
451,999

Diluted net income (loss) per share
$
0.18

 
$
(0.03
)
 
$
0.38

 
$
0.15

Antidilutive potential common shares in the form of: (1)
 
 
 
 
 
 
 
Warrants issued in conjunction with the 2020 Convertible Notes (2)
36,095

 

 
21,618

 

Stock options
1,117

 
7,458

 
847

 
2,250

Other share-based awards

 
9,873

 

 
1,014

(1) 
These amounts are excluded from the computation of diluted net income per share.
(2) 
In connection with the issuance of the 2020 Convertible Notes, the Company entered into convertible note hedge and warrant transactions as described in Note 8, “Borrowings.” The 2020 Convertible Notes have no impact on diluted earnings per share until the average quarterly price of the Company’s common stock exceeds the conversion price of $15.93 per share. If the common stock price exceeds this conversion price, prior to conversion, the Company will calculate the effect of the additional shares that may be issued using the treasury stock method. If the average price of the Company’s common stock exceeds $20.65 per share for a quarterly period, the Company’s weighted-average shares used in computing diluted net income per share will be impacted by the effect of the additional potential shares that may be issued related to the warrants using the treasury stock method. The convertible note hedge is not considered for purposes of the diluted earnings per share calculation, as its effect would be antidilutive.