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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2019
Jul. 31, 2018
Net sales $ 532,324 $ 465,825 $ 1,514,118 $ 1,300,837
Operating costs and expenses:        
Cost of sales 319,493 284,216 909,663 796,580
Selling, general and administrative expenses 93,417 80,186 267,911 231,709
Total operating costs and expenses 412,910 364,402 1,177,574 1,028,289
Operating income 119,414 101,423 336,544 272,548
Interest expense (5,523) (5,212) (16,496) (14,841)
Other income 268 (112) 2,420 (2)
Income before income taxes and noncontrolling interests 114,159 96,099 322,468 257,705
Income tax expense 25,100 22,200 55,300 46,100
Net income from consolidated operations 89,059 73,899 267,168 211,605
Less: Net income attributable to noncontrolling interests 7,961 6,813 24,956 19,749
Net income attributable to HEICO $ 81,098 $ 67,086 $ 242,212 $ 191,856
Net income per share attributable to HEICO shareholders:        
Basic (in dollars per share) $ 0.61 $ 0.51 $ 1.82 $ 1.45
Diluted (in dollars per share) $ 0.59 $ 0.49 $ 1.76 $ 1.40
Weighted average number of common shares outstanding:        
Basic (in shares) 133,970 132,794 133,405 132,422
Diluted (in shares) 137,634 136,733 137,273 136,570
Cash dividends per share (in dollars per share) $ 0.070 $ 0.060 $ 0.14 $ 0.12