Earnings Per Share Information

3 Months Ended

Jan. 31, 2021

Earnings Per Share [Abstract]

Income per Share Information

Earnings per Share Information

The table below provides, for the periods indicated, information pertaining to the calculation of earnings per share, common stock equivalents, weighted-average number of antidilutive options, and shares issued (amounts in thousands):

	Three months ended January 31,
	2021		2020
Numerator:
Net income as reported	$	96,499	$	56,876
Denominator:
Basic weighted-average shares	126,060		138,145
Common stock equivalents (1)	1,502		1,744
Diluted weighted-average shares	127,562		139,889
Other information:
Weighted-average number of antidilutive options and restricted stock units (2)	589		675
Shares issued under stock incentive and employee stock purchase plans	456		547

(1)    Common stock equivalents represent the dilutive effect of outstanding in-the-money stock options using the treasury stock method and shares expected to be issued upon the conversion of restricted stock units under our equity award programs.

(2)    Weighted-average number of antidilutive options and restricted stock units are based upon the average closing price of our common stock on the New York Stock Exchange for the period.