RED HAT INC | 2013 | FY | 3


NOTE 19—Earnings Per Share

The following table reconciles the numerators and denominators of the earnings per share calculation for the years ended February 28, 2013, February 29, 2012 and February 28, 2011 (in thousands, except per share amounts):

 

     Year Ended
February 28,
2013
     Year Ended
February 29,
2012
     Year Ended
February 28,
2011
 

Net income, basic and diluted

   $ 150,204       $ 146,626       $ 107,278   
  

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding

     193,147         193,151         190,294   

Incremental shares attributable to assumed vesting or exercise of outstanding equity award shares

     2,657         3,300         6,059   
  

 

 

    

 

 

    

 

 

 

Diluted shares

     195,804         196,451         196,353   
  

 

 

    

 

 

    

 

 

 

Diluted net income per share

   $ 0.77       $ 0.75       $ 0.55   

The following share awards are not included in the computation of diluted earnings per share because the aggregate value of proceeds considered received upon either exercise or vesting was greater than the average market price of the Company’s common stock during the related periods and the effect of including such share awards in the computation would be anti-dilutive (in thousands):

 

     Year Ended
February 28,
2013
     Year Ended
February 29,
2012
     Year Ended
February 28,
2011
 

Number of shares considered anti-dilutive for calculating diluted EPS

     77         311         649   
  

 

 

    

 

 

    

 

 

 

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