Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
Oct. 26, 2012	Oct. 28, 2011	Oct. 29, 2010
Net sales	$ 5,660,889	$ 4,403,906	$ 3,524,334
Cost of sales	3,783,802	2,897,605	2,350,708
Product development, selling and administrative expenses	736,776	602,010	480,636
Other income	(32,248)	(15,888)	(4,113)
Operating income	1,172,559	920,179	697,103
Interest income	5,831	13,869	13,195
Interest expense	(73,259)	(38,180)	(29,964)
Reorganization items		(35)	(1,310)
Income (loss) from continuing operations before income taxes and equity	1,105,131	895,833	679,024
Provision for income taxes	337,870	264,831	217,525
Income from continuing operations	767,261	631,002	461,499
Income from continuing operations attributable to non-controlling interest	(180)
Income from continuing operations	767,081	631,002	461,499
Loss from discontinued operations, net of income taxes	(5,060)	(21,346)
Loss from discontinued operations, net of income taxes attributable to non-controlling interest
Loss from discontinued operations, net of income taxes attributable to Joy Global Inc.	(5,060)	(21,346)
Net income	762,201	609,656	461,499
Net income attributable to non-controlling interest	(180)
Net income	$ 762,021	$ 609,656	$ 461,499
Basic earnings per share:
Income from continuing operations	$ 7.25	$ 6.01	$ 4.47
Loss from discontinued operations	$ (0.05)	$ (0.20)
Net income	$ 7.20	$ 5.81	$ 4.47
Diluted earnings per share:
Income from continuing operations	$ 7.18	$ 5.92	$ 4.40
Loss from discontinued operations	$ (0.05)	$ (0.20)
Net income	$ 7.13	$ 5.72	$ 4.40
Dividends per share	$ 0.70	$ 0.70	$ 0.70
Weighted average shares outstanding:
Basic	105,862	104,916	103,196
Diluted	106,889	106,537	104,905

Product Development expense includes planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process. Selling and administrative expenses are the aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.

No definition available.