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EARNINGS PER SHARE
 3 Months Ended
Aug. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

13.    EARNINGS PER SHARE

 

Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options, restricted stock-based awards and shares issuable under the employee stock purchase plan using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

Three Months Ended

August 31,

(in millions, except per share data)

 

2014 

 

2013 

Net income

 

$

2,184 

 

$

2,191 

Weighted average common shares outstanding

 

 

4,451 

 

 

4,608 

Dilutive effect of employee stock plans

 

 

97 

 

 

66 

Dilutive weighted average common shares outstanding

 

 

4,548 

 

 

4,674 

Basic earnings per share

 

$

0.49 

 

$

0.48 

Diluted earnings per share

 

$

0.48 

 

$

0.47 

Shares subject to anti-dilutive stock options and restricted stock-based awards excluded from calculation(1)

 

 

26 

 

 

289 

 

 

 

 

 

 

 

__________

 

(1)

These weighted shares relate to anti-dilutive stock options and restricted stock-based awards as calculated using the treasury stock method and could be dilutive in the future.