Earnings Per Common Share

12 Months Ended

Oct. 31, 2020

Note 17. Earnings Per Common Share

Basic earnings per common share (“EPS”) is computed by dividing net (loss) income by the weighted average number of common shares outstanding. Diluted EPS is computed by dividing net (loss) income by the weighted-average number of common shares outstanding assuming dilution. The difference between basic EPS and diluted EPS is the result of the dilutive effect of outstanding stock options, performance stock units and restricted stock units. The table below reconciles basic weighted-average common shares outstanding to diluted weighted-average shares outstanding for fiscal years 2020, 2019 and 2018:

	Fiscal Year Ended
	October 31, 2020		October 31, 2019		October 31, 2018
Basic weighted-average common shares outstanding		63,044,872		62,789,165		63,966,977
Dilutive stock options		—		—		1,242,644
Dilutive restricted stock units		—		—		548
Dilutive restricted stock awards		—		—		—
Dilutive performance stock units		—		—		—
Diluted weighted-average common shares		63,044,872		62,789,165		65,210,169

The table below represents exclusions from the calculation of weighted-average shares outstanding assuming dilution due to the anti-dilutive effect of the common stock equivalents for fiscal years 2020, 2019 and 2018:

	Fiscal Year Ended
	October 31, 2020		October 31, 2019		October 31, 2018
Anti-Dilutive Stock Options		284,800		988,551		97,085
Anti-Dilutive Restricted Stock Awards		682,917		1,783,271		574,359
Anti-Dilutive Restricted Stock Units		920,261		—		—
Anti-Dilutive Performance Stock Units		451,370		18,408		91,509
Anti-Dilutive Common Stock Equivalents		2,339,348		2,790,230		762,953