Net Income per Share

6 Months Ended

Apr. 30, 2014

Net Income per Share

Note 12. 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 April 30,				Six Months Ended April 30,
	2014		2013		2014		2013
	(in thousands)
Numerator:
Net income	$	63,317	$	68,691	$	131,013	$	138,613
Denominator:
Weighted-average common shares for basic net income per share		154,572		153,515		154,319		152,496
Dilutive effect of potential common shares from equity-based compensation		2,510		3,091		2,667		3,166
Weighted-average common shares for diluted net income per share		157,082		156,606		156,986		155,662
Net income per share:
Basic	$	0.41	$	0.45	$	0.85	$	0.91
Diluted	$	0.40	$	0.44	$	0.83	$	0.89
Anti-dilutive employee stock-based awards excluded(1)		1,998		1,749		1,674		1,614

(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.