Earnings Per Share

9 Months Ended

Aug. 03, 2019

Unvested restricted stock awards that entitle recipients to voting and nonforfeitable dividend rights from the date of grant are considered participating securities and the two-class method is used for purposes of calculating earnings per share. Under the two-class method, a portion of net income is allocated to these participating securities and therefore is excluded from the

calculation of earnings per share allocated to common stock, as shown in the table below. The difference between the income allocated to participating securities under the basic and diluted two-class methods is not material.

The following table sets forth the computation of basic and diluted earnings per share:



	Three Months Ended				Nine Months Ended
	August 3, 2019		August 4, 2018 (1)		August 3, 2019		August 4, 2018 (1)

Net Income	$	362,374	$	408,557	$	1,085,317	$	1,102,125
Less: income allocated to participating securities	812		1,526		2,750		4,439
Net income allocated to common stockholders	$	361,562	$	407,031	$	1,082,567	$	1,097,686

Basic shares:
Weighted-average shares outstanding	369,533		371,315		369,160		370,211
Earnings per common share basic:	$	0.98	$	1.10	$	2.93	$	2.97
Diluted shares:
Weighted-average shares outstanding	369,533		371,315		369,160		370,211
Assumed exercise of common stock equivalents	3,544		4,500		3,807		4,669
Weighted-average common and common equivalent shares	373,077		375,815		372,967		374,880
Earnings per common share diluted:	$	0.97	$	1.08	$	2.90	$	2.93
Anti-dilutive shares related to:
Outstanding share-based awards	446		810		963		1,424

(1) Balances have been restated to reflect the full retrospective adoption of ASU 2014-09. See Note 1, Basis of Presentation, in these Notes to Condensed Consolidated Financial Statements.