Net Income per Share (Tables)

3 Months Ended

Jan. 31, 2020

Reconciliation of Weighted-Average Common Shares Used to Calculate Net Income Per Share

The table below reconciles the weighted average common shares used to calculate basic net income per share with the weighted average common shares used to calculate diluted net income per share:



	Three Months Ended January 31,
	2020		2019
	(in thousands, except per share amounts)
Numerator:
Net income	$	104,061	$	153,514
Denominator:
Weighted average common shares for basic net income per share	150,244		149,288
Dilutive effect of common share equivalents from equity-based compensation	4,260		3,373
Weighted average common shares for diluted net income per share	154,504		152,661
Net income per share:
Basic	$	0.69	$	1.03
Diluted	$	0.67	$	1.01
Anti-dilutive employee stock-based awards excluded⁽¹⁾	414		1,601

⁽¹⁾

These stock options and unvested restricted stock units were anti-dilutive for the respective periods and are excluded in calculating diluted net income per share. While such awards were anti-dilutive for the respective periods, they could be dilutive in the future.