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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Net sales $ 468,146 $ 515,648 $ 974,421 $ 981,794
Operating costs and expenses:        
Cost of sales 289,256 306,261 597,484 590,170
Selling, general and administrative expenses 70,729 90,204 157,786 174,494
Total operating costs and expenses 359,985 396,465 755,270 764,664
Operating income 108,161 119,183 219,151 217,130
Interest expense (3,759) (5,484) (8,042) (10,973)
Other (expense) income 107 2,484 302 2,152
Income before income taxes and noncontrolling interests 104,509 116,183 211,411 208,309
Income tax expense 23,600 26,100 700 30,200
Net income from consolidated operations 80,909 90,083 210,711 178,109
Less: Net income attributable to noncontrolling interests 5,456 8,301 13,370 16,995
Net income attributable to HEICO $ 75,453 $ 81,782 $ 197,341 $ 161,114
Net income per share attributable to HEICO shareholders:        
Basic (in dollars per share) $ 0.56 $ 0.61 $ 1.47 $ 1.21
Diluted (in dollars per share) $ 0.55 $ 0.60 $ 1.44 $ 1.18
Weighted average number of common shares outstanding:        
Basic (in shares) 134,669 133,313 134,596 133,123
Diluted (in shares) 137,117 137,206 137,269 137,092