NET INCOME PER COMMON SHARE

6 Months Ended

Apr. 30, 2023

Basic and Diluted Net Income Per Common Share Calculations


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions, except per share amounts)	2023		2022		2023		2022
Net income	$	51.9	$	48.8	$	90.4	$	124.8

Weighted-average common and common equivalent shares outstanding — Basic	66.4		67.2		66.4		67.5
Effect of dilutive securities(1)
Restricted stock units	0.1		0.2		0.2		0.2

Performance shares	0.1		0.1		0.2		0.1
Weighted-average common and common equivalent shares outstanding — Diluted	66.7		67.5		66.7		67.9

Net income per common share
Basic	$	0.78	$	0.73	$	1.36	$	1.85
Diluted	$	0.78	$	0.72	$	1.35	$	1.84

(1) Excludes the impact of potentially dilutive outstanding share-based securities that are excluded from the calculation of diluted loss per share in periods when we have a loss, as their inclusion would have an anti-dilutive effect. Such impact is included in the table below.

Anti-Dilutive Outstanding Stock Awards Issued Under Share-Based Compensation Plans


	Three Months Ended April 30,		Six Months Ended April 30,
(in millions)	2023	2022	2023	2022
Anti-dilutive	0.3	—	0.2	—