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Earnings Per Share (Tables)
12 Months Ended
Oct. 26, 2012
Basic and Diluted Earnings Per Share Computations

The following is a reconciliation of the numerators and denominators of basic and diluted earnings per share computations in accordance with ASC No. 260:

 

In thousands except share amounts

   2012     2011     2010  

Numerator:

      

Income from continuing operations

   $ 767,081      $ 631,002      $ 461,499   

Loss from discontinued operations

     (5,060     (21,346     —     
  

 

 

   

 

 

   

 

 

 

Net income

   $ 762,021      $ 609,656      $ 461,499   
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Denominator for basic earnings per share -

      

Weighted average shares

     105,862        104,916        103,196   

Effect of dilutive securities:

      

Stock options, restricted stock units and performance shares

     1,027        1,621        1,709   
  

 

 

   

 

 

   

 

 

 

Denominator for diluted earnings per share -

      

Adjusted weighted average shares and assumed conversions

     106,889        106,537        104,905   
  

 

 

   

 

 

   

 

 

 

Basic earnings per share

      

Continuing operations

   $ 7.25      $ 6.01      $ 4.47   

Discontinued operations

     (0.05     (0.20     —     
  

 

 

   

 

 

   

 

 

 

Net income

   $ 7.20      $ 5.81      $ 4.47   
  

 

 

   

 

 

   

 

 

 

Diluted earnings per share

      

Continuing operations

   $ 7.18      $ 5.92      $ 4.40   

Discontinued operations

     (0.05     (0.20     —     
  

 

 

   

 

 

   

 

 

 

Net income

   $ 7.13      $ 5.72      $ 4.40