Earnings Per Share

3 Months Ended

Feb. 04, 2012

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 in-the-money 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
	February 4, 2012		January 29, 2011
Income from continuing operations, net of tax	$	139,382	$	215,606
Gain on sale of discontinued operations, net of tax		—		6,500
Net income	$	139,382	$	222,106
Basic shares:
Weighted-average shares outstanding		297,788		299,218
Earnings per share-basic:
Income from continuing operations, net of tax	$	0.47	$	0.72
Gain on sale of discontinued operations, net of tax		—		0.02
Net income	$	0.47	$	0.74
Diluted shares:
Weighted-average shares outstanding		297,788		299,218
Assumed exercise of common stock equivalents		7,743		9,630
Weighted-average common and common equivalent shares		305,531		308,848
Earnings per share-diluted:
Income from continuing operations, net of tax	$	0.46	$	0.70
Gain on sale of discontinued operations, net of tax		—		0.02
Net income	$	0.46	$	0.72
Weighted average anti-dilutive shares related to:
Outstanding stock options		6,912		8,097