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Earnings Per Share
9 Months Ended
Jul. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per Share
We compute basic earnings per share (EPS) using the daily weighted average number of shares of common stock outstanding during each period. In the calculation of fully diluted EPS, shares of common stock to be issued under approved incentive compensation plans are contingently issuable shares, as determined by applying the treasury stock method, and are added to average common shares outstanding, resulting in a potential reduction in diluted EPS. A reconciliation of basic and diluted EPS, which includes contingently issuable shares that could affect EPS if performance units ultimately vest or stock agreements settle, for the three months and nine months ended July 31, 2014 and 2013 is presented below.
 
Three Months
 
Nine Months
In thousands, except per share amounts
2014
 
2013
 
2014
 
2013
Net Income (Loss)
$
(7,344
)
 
$
(2,293
)
 
$
152,768

 
$
139,420

 
 
 
 
 
 
 
 
Average shares of common stock outstanding for basic earnings per share
78,185

 
75,774

 
77,715

 
74,521

Contingently issuable shares under incentive compensation plans *

 

 
312

 
330

Contingently issuable shares under forward sale agreements **
 
 

 
 
 
136

Average shares of dilutive stock
78,185

 
75,774

 
78,027

 
74,987

Earnings (Loss) Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
(0.09
)
 
$
(0.03
)
 
$
1.97

 
$
1.87

Diluted
$
(0.09
)
 
$
(0.03
)
 
$
1.96

 
$
1.86

* For the three months ended July 31, 2014 and 2013, the inclusion of 301 and 316 contingently issuable shares under incentive compensation plans, respectively, would have been antidilutive.
** For the three months ended July 31, 2013, the inclusion of 192 contingently issuable shares under forward sales agreements would have been antidilutive.