Earnings Per Share Information

9 Months Ended

Jul. 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 July 31,				Nine months ended July 31,
	2021		2020		2021		2020
Numerator:
Net income as reported	$	234,932	$	114,761	$	459,297	$	247,307
Denominator:
Basic weighted-average shares	123,826		126,722		124,727		131,024
Common stock equivalents (1)	1,784		677		1,663		1,008
Diluted weighted-average shares	125,610		127,399		126,390		132,032
Other information:
Weighted-average number of antidilutive options and restricted stock units (2)	37		3,640		220		2,761
Shares issued under stock incentive and employee stock purchase plans	64		342		938		950

(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.