Earnings Per Share (Disclosure)

6 Months Ended

Apr. 30, 2014

Earnings Per Share of Common Stock

Earnings Per Share

3.       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 indiluted 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 threemonthsand six months ended April 30, 2014 and 2013 is presented below.

		Three Months				Six Months
In thousands except per share amounts		2014		2013		2014		2013
Net Income	$	62,540	$	55,790	$	160,112	$	141,713
Average shares of common stock outstanding for
basic earnings per share		77,982		75,463		77,477		73,884
Contingently issuable shares under incentive
compensation plans		309		314		325		333
Contingently issuable shares under forward
sale agreements		-		127		-		84
Average shares of dilutive stock		78,291		75,904		77,802		74,301
Earnings Per Share of Common Stock:
Basic	$	0.80	$	0.74	$	2.07	$	1.92
Diluted	$	0.80	$	0.74	$	2.06	$	1.91