QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Oct. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

(in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales:
2015		$268,185		$291,421		$300,370		$328,672
2014		$266,826		$282,232		$291,030		$292,223
Gross profit:
2015		$93,797		$105,494		$108,092		$126,796
2014		$92,117		$99,922		$103,327		$102,946
Net income from consolidated operations:
2015		$32,091		$38,504		$38,938		$44,031
2014		$32,562		$32,780		$37,352		$36,078
Net income attributable to HEICO:
2015		$27,640		$33,105		$34,369		$38,250
2014		$27,455		$28,367		$33,366		$32,105
Net income per share attributable to HEICO:
Basic:
2015		$.42		$.50		$.51		$.57
2014		$.41		$.43		$.50		$.48
Diluted:
2015		$.41		$.49		$.51		$.56
2014		$.41		$.42		$.49		$.48

During the first quarter of fiscal 2015, the Company recognized an income tax credit for qualified R&D activities for the last ten months of fiscal 2014 upon the retroactive extension of the U.S. federal R&D tax credit in December 2014 to cover calendar year 2014. The tax credit, net of expenses, increased net income attributable to HEICO by $1.8 million, or $.03 per basic and diluted share.

During the fourth quarter of fiscal 2014, the Company recorded a reduction in accrued contingent consideration related to a fiscal 2012 acquisition that was partially offset by impairment losses related to the write-down of certain intangible assets at the acquired business resulting in an increase in net income attributable to HEICO of approximately $1.7 million, or $.03 per basic and diluted share.

During the third quarter of fiscal 2014, the Company recorded a reduction in accrued contingent consideration related to a fiscal 2013 acquisition that was partially offset by impairment losses related to the write-down of certain intangible assets and lower than expected operating income at the acquired business resulting in an increase in net income attributable to HEICO of approximately $3.4 million, or $.05 per basic and diluted share.

During the first quarter of fiscal 2014, the Company recorded a reduction in accrued contingent consideration related to a fiscal 2013 acquisition that was partially offset by lower than expected operating income at the acquired business resulting in an increase in net income attributable to HEICO of approximately $2.6 million, or $.04 per basic and diluted share.

Due to changes in the average number of common shares outstanding, net income per share attributable to HEICO for the full fiscal year may not equal the sum of the four individual quarters.