QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Oct. 31, 2016

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:
2016		$306,227		$350,648		$356,084		$363,299
2015		$268,185		$291,421		$300,370		$328,672
Gross profit:
2016		$112,196		$134,029		$133,583		$135,684
2015		$93,797		$105,494		$108,092		$126,796
Net income from consolidated operations:
2016		$35,924		$43,729		$46,976		$49,521
2015		$32,091		$38,504		$38,938		$44,031
Net income attributable to HEICO:
2016		$31,271		$38,657		$42,002		$44,262
2015		$27,640		$33,105		$34,369		$38,250
Net income per share attributable to HEICO:
Basic:
2016		$.47		$.58		$.63		$.66
2015		$.42		$.50		$.51		$.57
Diluted:
2016		$.46		$.57		$.62		$.65
2015		$.41		$.49		$.51		$.56

During the first quarter of fiscal 2016, the Company incurred $3.1 million of acquisition costs in connection with a fiscal 2016 acquisition. These expenses, net of tax, decreased net income attributable to HEICO by $2.0 million, or $.03 per basic and diluted share.     

During the first quarter of fiscal 2016, the Company recognized an income tax credit for qualified R&D activities for the last ten months of fiscal 2015 upon the retroactive and permanent extension of the U.S. federal R&D tax credit in December 2015. The tax credit, net of expenses, increased net income attributable to HEICO by $1.7 million, or $.03 per basic and $.02 per diluted share.

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.

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.