Net Income per Share

3 Months Ended

Jan. 31, 2014

Net Income per Share

Note 11. Net Income per Share

The Company computes basic net income per share by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share reflects the dilution from potential common shares outstanding, such as stock options and unvested restricted stock units and awards, during the period using the treasury stock method.

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,
	2014		2013
	(in thousands, except per share amounts)
Numerator:
Net income	$	67,696	$	69,922
Denominator:
Weighted-average common shares for basic net income per share		154,066		151,477
Dilutive effect of potential common shares from equity-based compensation		2,690		3,054
Weighted-average common shares for diluted net income per share		156,756		154,531
Net income per share:
Basic	$	0.44	$	0.46
Diluted	$	0.43	$	0.45
Anti-dilutive employee stock-based awards excluded(1)		1,378		2,573

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