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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Net sales $ 386,410 $ 532,324 $ 1,360,831 $ 1,514,118
Operating costs and expenses:        
Cost of sales 242,927 319,493 840,411 909,663
Selling, general and administrative expenses 75,049 93,417 232,835 267,911
Total operating costs and expenses 317,976 412,910 1,073,246 1,177,574
Operating income 68,434 119,414 287,585 336,544
Interest expense (2,602) (5,523) (10,644) (16,496)
Other (expense) income 632 268 934 2,420
Income before income taxes and noncontrolling interests 66,464 114,159 277,875 322,468
Income tax expense 8,900 25,100 9,600 55,300
Net income from consolidated operations 57,564 89,059 268,275 267,168
Less: Net income attributable to noncontrolling interests 3,248 7,961 16,618 24,956
Net income attributable to HEICO $ 54,316 $ 81,098 $ 251,657 $ 242,212
Net income per share attributable to HEICO shareholders:        
Basic (in dollars per share) $ 0.40 $ 0.61 $ 1.87 $ 1.82
Diluted (in dollars per share) $ 0.40 $ 0.59 $ 1.83 $ 1.76
Weighted average number of common shares outstanding:        
Basic (in shares) 134,837 133,970 134,676 133,405
Diluted (in shares) 137,234 137,634 137,257 137,273