NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS

6 Months Ended

Apr. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS

The computation of basic and diluted net income per share attributable to HEICO shareholders is as follows (in thousands, except per share data):

	Six months ended April 30,				Three months ended April 30,
	2013		2012		2013		2012
Numerator:
Net income attributable to HEICO		$43,658		$38,228		$23,700		$19,043
Denominator:
Weighted average common shares outstanding-basic	52,993		52,630		53,035		52,648
Effect of dilutive stock options	475		660		463		648
Weighted average common shares outstanding-diluted	53,468		53,290		53,498		53,296
Net income per share attributable to HEICO shareholders:
Basic		$.82		$.73		$.45		$.36
Diluted		$.82		$.72		$.44		$.36
Anti-dilutive stock options excluded	672		641		598		645

No portion of the adjustments to the redemption amount of redeemable noncontrolling interests of $1.0 million and $.5 million for the six months ended April 30, 2013 and 2012, respectively, and $.2 million and ($.5) million for the three months ended April 30, 2013 and 2012, respectively, reflect a redemption amount in excess of fair value and therefore no portion of the adjustments affect basic or diluted net income per share attributable to HEICO shareholders.