Basic and Diluted Net Income Per Share

3 Months Ended

Jan. 25, 2013

Earnings Per Share [Abstract]

Basic and Diluted Net Income Per Share

11. Basic and Diluted Net Income Per Share

Basic net income per share is computed by dividing net income attributable to the Company by the weighted-average number of shares outstanding during each period. Diluted net income per share is computed by dividing net income attributable to the Company by the weighted-average number of shares outstanding during each period, plus dilutive potential shares considered outstanding during the period.

The following table sets forth the computation of basic and diluted net income per share.

	Quarter ended
(in thousands, except per share data)	January 25, 2013			January 27, 2012
Numerator:
Income from continuing operations available to common shareholders	$	142,139		$	142,410
Loss from discontinued operations available to common shareholders	(2		)	(58		)
Net income available to common shareholders	$	142,137		$	142,352
Denominator:
Denominator for basic net income per share -
Weighted average shares	106,242			105,405
Effect of dilutive securities:
Stock options, restricted stock units and performance shares	995			1,347
Denominator for diluted net income per share -
Adjusted weighted average shares and assumed conversions	107,237			106,752
Basic earnings per share:
Continuing operations	$	1.34		$	1.35
Discontinued operations	—			—
Net income	$	1.34		$	1.35
Diluted earnings per share:
Continuing operations	$	1.33		$	1.33
Discontinued operations	—			—
Net income	$	1.33		$	1.33

Options to purchase a weighted average of 0.9 million and 0.7 million shares were excluded from the quarters ended January 25, 2013 and January 27, 2012 calculations of diluted net income per share, respectively, as the effect would have been antidilutive.