Earnings per Share

3 Months Ended

Jan. 31, 2017

Earnings Per Share Disclosure [Abstract]

17. Earnings per Share

The following table sets forth the calculation of earnings per basic and diluted share for the three months ended January 31, 2017 and 2016:

	Three Months Ended
	January 31,
(in thousands, except per share data)		2017		2016
Net income attributable to Eaton Vance Corp. shareholders	$	60,711	$	58,386
Less: Allocation of earnings to participating restricted shares		-		628
Net income available to common shareholders	$	60,711	$	57,758
Weighted-average shares outstanding – basic		110,267		111,641
Incremental common shares		4,404		2,962
Weighted-average shares outstanding – diluted		114,671		114,603
Earnings per share:
Basic	$	0.55	$	0.52
Diluted	$	0.53	$	0.50

During the three months ended January 31, 2016, the calculation of earnings per basic and diluted share included the allocation of earnings to participating securities using the two-class method.

Antidilutive common shares related to stock options and unvested restricted stock excluded from the computation of earnings per diluted share were approximately 8.1 million and 12.0 million shares for the three months ended January 31, 2017 and 2016, respectively.