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Net Income per Share (Tables)
6 Months Ended
Apr. 30, 2014
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
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.