Earnings Per Share

6 Months Ended

Apr. 30, 2012

Earnings Per Share Disclosure [Abstract]

Earnings per Share

16. Earnings per Share

The following table provides a reconciliation of common shares used in the calculation of earnings per basic share and earnings per diluted share as follows:

	Three Months Ended				Six Months Ended
		April 30,				April 30,
(in thousands, except per share data)	2012		2011		2012		2011
Net income allocated to:
Common shares	$	51,346	$	61,186	$	97,349	$	97,938
Participating restricted shares		1,524		1,293		2,792		2,076
Total net income attributable to
Eaton Vance Corp. shareholders	$	52,870	$	62,479	$	100,141	$	100,014
Weighted-average shares outstanding – basic		112,418		116,413		112,541		116,540
Incremental common shares		3,463		5,879		2,783		5,627
Weighted-average shares outstanding – diluted		115,881		122,292		115,324		122,167
Earnings per common share attributable to
Eaton Vance Corp. shareholders:
Basic	$	0.46	$	0.53	$	0.87	$	0.84
Diluted	$	0.44	$	0.50	$	0.84	$	0.80

The Company uses the treasury stock method to account for the dilutive effect of unexercised stock options in earnings per diluted share. Antidilutive common shares related to stock options excluded from the computation of earnings per diluted share were approximately 14.5million and 7.8million for the three months ended April 30, 2012 and 2011, respectively and were approximately 15.1million and 10.7million for the six months ended April 30, 2012 and 2011, respectively.