Earnings per Share

3 Months Ended

Apr. 30, 2011

Earnings Per Share of Common Stock: [Abstract]

Earnings per Share

3.       Earnings per Share

We compute basic earnings per share using the weighted average number of shares of common stock outstanding during each period. A reconciliation of basic and diluted earnings per share for the three months and six months ended April 30, 2011 and 2010 is presented below.

		Three Months				Six Months
In thousands except per share amounts		2011		2010		2011		2010
Net Income	$	47,408	$	46,825	$	131,848	$	160,574
Average shares of common stock outstanding for
basic earnings per share		71,824		71,788		72,012		72,492
Contingently issuable shares under incentive
compensation plans		237		330		267		350
Average shares of dilutive stock		72,061		72,118		72,279		72,842
Earnings Per Share of Common Stock:
Basic	$	0.66	$	0.65	$	1.83	$	2.22
Diluted	$	0.66	$	0.65	$	1.82	$	2.20