The following table presents the calculation of basic and diluted net income per share (in thousands, except per share amounts):



	Three Months Ended				Six Months Ended
	April 30, 2016		May 2, 2015		April 30, 2016		May 2, 2015
Basic net income per share
Net income	$	43,085	$	77,040	$	136,731	$	164,307
Weighted-average shares used in computing basic net income per share	400,554		420,718		404,228		424,627
Basic net income per share	$	0.11	$	0.18	$	0.34	$	0.39
Diluted net income per share
Net income	$	43,085	$	77,040	$	136,731	$	164,307
Weighted-average shares used in computing basic net income per share	400,554		420,718		404,228		424,627
Dilutive potential common shares in the form of stock options	1,428		1,826		1,380		1,780
Dilutive potential common shares in the form of other share-based awards	6,766		10,690		6,309		9,788
Weighted-average shares used in computing diluted net income per share	408,748		433,234		411,917		436,195
Diluted net income per share	$	0.11	$	0.18	$	0.33	$	0.38
Antidilutive potential common shares in the form of: ⁽¹⁾
Warrants issued in conjunction with the 2020 Convertible Notes ⁽²⁾	36,240		36,095		36,220		21,618
Stock options	1,374		1,117		1,624		847
Other share-based awards	316		—		650		—


⁽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 adjusted conversion price of $15.87 per share. If the common stock price exceeds this adjusted conversion price, then, 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 $20.57 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.