SEC Filings

10-K
INTUITIVE SURGICAL INC filed this Form 10-K on 02/02/2018
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NOTE 11.    NET INCOME PER SHARE
The following table presents the computation of basic and diluted net income per share (in millions, except per share amounts):
 
Years Ended December 31,
 
2017
 
2016
 
2015
Numerator:
 
 
 
 
 
Net income
$
660.0

 
$
735.9

 
$
588.8

Denominator:
 
 
 
 
 
Weighted-average shares outstanding in basic calculation
111.7

 
114.9

 
111.3

Add: dilutive effect of potential common shares
4.6

 
3.0

 
2.4

Weighted-average shares used in computing diluted net income per share
116.3

 
117.9

 
113.7

Net income per share:
 
 
 
 
 
Basic
$
5.91

 
$
6.40

 
$
5.29

Diluted
$
5.67

 
$
6.24

 
$
5.18

Share-based compensation awards of approximately 0.2 million, 0.6 million, and 5.0 million shares for the years ended December 31, 2017, 2016, and 2015, respectively, were outstanding, but were not included in the computation of diluted net income per share because the effect of including such shares would have been anti-dilutive in the periods presented.
NOTE 12.     EMPLOYEE BENEFIT PLANS
The Company sponsors various retirement plans for its eligible U.S. and non-U.S. employees. For employees in the U.S., the Company maintains the Intuitive Surgical, Inc. 401(k) Plan (the “Plan”). As allowed under Section 401(k) of the Internal Revenue Code, the Plan provides tax-deferred salary contributions for eligible U.S. employees. The Plan allows employees to contribute up to 100% of their annual compensation to the Plan on a pre-tax and after-tax basis. Employee contributions are limited to a maximum annual amount as set periodically by the Internal Revenue Code. The Company matches 200% of employee contributions up to $1,500 per calendar year per person. All matching employer contributions vest immediately.

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