Net Income Per Share

The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:



	Three Months Ended				Nine Months Ended
	October 28,		October 29,		October 28,		October 29,
	2018		2017		2018		2017
	(In millions, except per share data)
Numerator:
Net income	$	1,230	$	838	$	3,575	$	1,928
Denominator:
Basic weighted average shares	609		603		608		597
Dilutive impact of outstanding securities:
Equity awards	16		23		18		24
1.00% Convertible Senior Notes	—		2		—		7
Warrants issued with the 1.00% Convertible Senior Notes	—		—		—		5
Diluted weighted average shares	625		628		626		633
Net income per share:
Basic (1)	$	2.02	$	1.39	$	5.88	$	3.23
Diluted (2)	$	1.97	$	1.33	$	5.71	$	3.05
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive	3		3		4		4


(1)	Calculated as net income divided by basic weighted average shares.


(2)	Calculated as net income divided by diluted weighted average shares.

The 1.00% Convertible Senior Notes Due 2018, or the Convertible Notes, were included in the calculation of diluted net income per share. The Convertible Notes had a dilutive impact on net income per share as our average stock price for the reporting period exceeded the adjusted conversion price of $20.02 per share. The warrants associated with our Convertible Notes, or the Warrants, outstanding were also included in the calculation of diluted net income per share. As of October 28, 2018, there were no warrants outstanding.

Refer to Note 12 of these Notes to Condensed Consolidated Financial Statements for additional discussion regarding the Convertible Notes.