Earnings Per Share

9 Months Ended

Jul. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 5 — Earnings Per Share

     Basic earnings per share is computed based only on the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period, plus the dilutive effect of potential future issuances of common stock relating to stock option programs and other potentially dilutive securities using the treasury stock method. In calculating diluted earnings per share, the dilutive effect of stock options is computed using the average market price for the respective period. In addition, the assumed proceeds under the treasury stock method include the average unrecognized compensation expense of stock options that are in-the-money and restricted stock units. This results in the “assumed” buyback of additional shares, thereby reducing the dilutive impact of stock options. Potential shares related to certain of the Company’s outstanding stock options were excluded because they were anti-dilutive. Those potential shares, determined based on the weighted average exercise prices during the respective years, related to the Company’s outstanding stock options could be dilutive in the future.

	Three Months Ended
	July 30, 2011		July 31, 2010
Basic:
Net income	$	219,935	$	199,491
Weighted-average shares outstanding		299,616		298,027
Earnings per share:	$	0.73	$	0.67
Diluted:
Net income	$	219,935	$	199,491
Weighted-average shares outstanding		299,616		298,027
Assumed exercise of common stock equivalents		9,128		8,141
Weighted-average common and common equivalent shares		308,744		306,168
Earnings per share:	$	0.71	$	0.65
Anti-dilutive common stock equivalents related to outstanding stock options		4,820		19,464

	Nine Months Ended
	July 30, 2011		July 31, 2010
Income from continuing operations, net of tax	$	677,367	$	486,231
Gain on sale of discontinued operations, net of tax		6,500		859
Net income	$	683,867	$	487,090
Basic shares:
Weighted-average shares outstanding		299,586		297,107
Earnings per share-basic:
Income from continuing operations, net of tax	$	2.26	$	1.64
Gain on sale of discontinued operations, net of tax		0.02		0.00
Net income	$	2.28	$	1.64
Diluted shares:
Weighted-average shares outstanding		299,586		297,107
Assumed exercise of common stock equivalents		9,484		8,471
Weighted-average common and common equivalent shares		309,070		305,578
Earnings per share-diluted:
Income from continuing operations, net of tax	$	2.19	$	1.59
Gain on sale of discontinued operations, net of tax		0.02		0.00
Net income	$	2.21	$	1.59
Anti-dilutive common stock equivalents related to outstanding stock options		5,942		19,449