Seagate 2011 Annual Report Download - page 110

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Table of Contents
SEAGATE TECHNOLOGY PLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
obligation related to the rabbi trust included in Accrued expenses on the accompanying Consolidated Balance Sheets was approximately
$82 million and $93 million as of June 29, 2012 and July 1, 2011, respectively.
12. Earnings Per Share
The following table sets forth the computation of basic and diluted net income per share:
The following potential shares were excluded from the computation of diluted net income per share as their effect would have been anti-
dilutive:
13. Business Segment and Geographic Information
The Company has concluded that its manufacture and distribution of disk drives constitutes one reporting segment. The Company's
manufacturing operations are based on technology platforms that are used to produce various disk drive products that serve multiple disk drive
applications and markets. The Company's main technology platforms are primarily focused around areal density of media and read/write head
technologies. In addition, the Company also invests in certain other technology platforms including motors, servo formatting read/write
channels, solid state technologies and sealed drive technologies. The Company has determined that its Chief Executive Officer is the Company's
chief operating decision maker (CODM) as he is responsible for reviewing and approving investments in the Company's technology platforms
and manufacturing infrastructure.
104
Fiscal Years Ended
(In millions, except per share data)
June 29,
2012
July 1,
2011
July 2,
2010
Numerator:
Net income
$
2,862
$
511
$
1,609
Adjustment for interest expense on 6.8% Convertible Senior Notes
due April 2010
—
—
5
Net income, as adjusted
$
2,862
$
511
$
1,614
Number of shares used in per share calculations:
Total shares for purpose of calculating basic net income per share
426
451
491
Weighted
-
average effect of dilutive securities:
Employee equity award plans
15
16
20
2.375% Convertible Senior Notes due August 2012
—
—
1
6.8% Convertible Senior Notes due April 2010
—
—
2
Dilutive potential shares:
15
16
23
Total shares for purpose of calculating diluted net income per
share
441
467
514
Net income per share:
Basic net income per share
$
6.72
$
1.13
$
3.28
Diluted net income per share
$
6.49
$
1.09
$
3.14
Fiscal Years Ended
(In millions)
June 29,
2012
July 1,
2011
July 2,
2010
Employee equity award plans
7
15
20