QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Oct. 31, 2020

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:
2020	$506,275	$468,146	$386,410	$426,178
2019	$466,146	$515,648	$532,324	$541,529
Gross profit:
2020	$198,047	$178,890	$143,483	$161,707
2019	$182,237	$209,387	$212,831	$209,385
Net income from consolidated operations:
2020	$129,802	$80,909	$57,564	$67,580
2019	$88,026	$90,083	$89,059	$92,573
Net income attributable to HEICO:
2020	$121,888	$75,453	$54,316	$62,327
2019	$79,332	$81,782	$81,098	$85,684
Net income per share attributable to HEICO:
Basic:
2020	$.91	$.56	$.40	$.46
2019	$.60	$.61	$.61	$.64
Diluted:
2020	$.89	$.55	$.40	$.45
2019	$.58	$.60	$.59	$.62

    During the first quarter of fiscal 2020, the Company recognized a $47.6 million discrete tax benefit from stock option exercises, which, net of noncontrolling interests, increased net income attributable to HEICO by $46.3 million, or $.34 per basic and diluted share. During the first quarter of fiscal 2019, the Company recognized a $16.6 million discrete tax benefit from stock option exercises, which, net of noncontrolling interests, increased net income attributable to HEICO by $15.1 million, or $.11 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.