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Net Income Per Common Share (Tables)
12 Months Ended
Oct. 31, 2012
Calculations of Basic and Diluted Net Income Per Common Share

The calculations of basic and diluted net income per common share is as follows:

 

      Years Ended October 31,  

(in thousands, except per share data)

   2012     2011     2010  

Income from continuing operations

   $ 62,718      $ 68,698      $ 63,870   

(Loss) income from discontinued operations, net of taxes

     (136     (194     251   
  

 

 

   

 

 

   

 

 

 

Net income

   $ 62,582      $ 68,504      $ 64,121   
  

 

 

   

 

 

   

 

 

 

Weighted-average common and common equivalent shares outstanding—Basic

     53,987        53,121        52,117   

Effect of dilutive securities:

      

Stock options

     277        468        446   

Restricted stock units

     369        293        261   

Performance shares

     281        221        84   
  

 

 

   

 

 

   

 

 

 

Weighted-average common and common equivalent shares outstanding—Diluted

     54,914        54,103        52,908   
  

 

 

   

 

 

   

 

 

 

Net income per common share

      

Basic

   $ 1.16      $ 1.29      $ 1.23   

Diluted

   $ 1.14      $ 1.27      $ 1.21   
Antidilutive Securities Excluded from Computation of Earnings Per Share

The diluted net income per common share excludes certain stock options, RSUs and performance shares since the effect of including these awards would have been anti-dilutive as follows:

 

     Years Ended October 31,  

(in thousands)

   2012      2011      2010  

Stock options

     1,317         879         744   

Restricted stock units

     90         60         29   

Performance shares

     —           17         —