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Net Income (Loss) per Share
 9 Months Ended
Jan. 25, 2019
Earnings Per Share [Abstract]  
Net Income (Loss) per Share

13. Net Income (Loss) per Share

The following is a calculation of basic and diluted net income (loss) per share (in millions, except per share amounts):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

January 25,

2019

 

 

January 26,

2018

 

 

January 25,

2019

 

 

January 26,

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

249

 

 

$

(479

)

 

$

773

 

 

$

(174

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

250

 

 

 

268

 

 

 

257

 

 

 

269

 

Dilutive impact of employee equity award plans

 

 

5

 

 

 

—

 

 

 

6

 

 

 

—

 

Shares used in diluted computation

 

 

255

 

 

 

268

 

 

 

263

 

 

 

269

 

Net Income (Loss) per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.00

 

 

$

(1.79

)

 

$

3.01

 

 

$

(0.65

)

Diluted

 

$

0.98

 

 

$

(1.79

)

 

$

2.94

 

 

$

(0.65

)

Less than 1 million potential shares from outstanding employee equity awards were excluded from the diluted net income (loss) per share calculation for the three and nine months ended January 25, 2019. For the three and nine months ended January 26, 2018, 15 million and 17 million potential shares from outstanding awards, respectively, were excluded from the calculation as their inclusion would have been anti-dilutive.