| Schedule of Calculation of Basic and Diluted Net Income (Loss) per Share |
The following table presents the calculation of basic and diluted net income per share: | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | (in thousands, except per share amounts) | January 31, 2016 | | January 25, 2015 | | January 31, 2016 | | January 25, 2015 | Numerator: | | | | | | | | Net income | $ | 12,084 |
| | $ | 1,679 |
| | $ | 22,121 |
| | $ | 4,560 |
| Numerator for basic net income per share | 12,084 |
| | 1,679 |
| | 22,121 |
| | 4,560 |
| Numerator for diluted net income per share | $ | 12,084 |
| | $ | 1,679 |
| | $ | 22,121 |
| | $ | 4,560 |
| Denominator: | | | | | | | | Denominator for basic net income per share - weighted average shares | 107,180 |
|
| 103,563 |
| | 106,367 |
| | 100,475 |
| Effect of dilutive securities: | | | | | | | | Stock options and restricted stock units | 948 |
| | 2,427 |
| | 2,121 |
| | 3,350 |
| Dilutive potential common shares | 948 |
| | 2,427 |
| | 2,121 |
| | 3,350 |
| Denominator for diluted net income per share | 108,128 |
| | 105,990 |
| | 108,488 |
| | 103,825 |
| Net income per share: | | | | | | | | Basic | $ | 0.11 |
| | $ | 0.02 |
| | $ | 0.21 |
| | $ | 0.05 |
| Diluted | $ | 0.11 |
| | $ | 0.02 |
| | $ | 0.20 |
| | $ | 0.04 |
|
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| Schedule of Antidilutive Securities Excluded from Computation of Net Income (Loss) per Share |
The following table presents common shares related to potentially dilutive securities excluded from the calculation of diluted net income per share as their effect would have been anti-dilutive: | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | (in thousands) | January 31, 2016 | | January 25, 2015 | | January 31, 2016 | | January 25, 2015 | Stock options and restricted stock units | 5,287 |
| | 1,170 |
| | 3,124 |
| | 1,062 |
| 5.0% Convertible Senior Notes due 2029 | — |
| | — |
| | — |
| | 2,513 |
| 0.50% Convertible Senior Notes due 2033 (1) | — |
| | — |
| | — |
| | — |
| | 5,287 |
| | 1,170 |
| | 3,124 |
| | 3,575 |
|
_______________ (1) 0.50% Convertible Senior Notes due 2033 were excluded from the calculation of diluted earnings per share under the treasury stock method since the conversion price exceeded the average market price for the Company's common stock.
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