XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2021
Jul. 31, 2020
Net sales $ 471,707 $ 386,410 $ 1,356,260 $ 1,360,831
Operating costs and expenses:        
Cost of sales 286,990 242,927 833,336 840,411
Selling, general and administrative expenses 83,879 75,049 245,053 232,835
Total operating costs and expenses 370,869 317,976 1,078,389 1,073,246
Operating income 100,838 68,434 277,871 287,585
Interest expense (1,717) (2,602) (6,248) (10,644)
Other (expense) income 162 632 1,179 934
Income before income taxes and noncontrolling interests 99,283 66,464 272,802 277,875
Income tax expense 15,600 8,900 36,400 9,600
Net income from consolidated operations 83,683 57,564 236,402 268,275
Less: Net income attributable to noncontrolling interests 6,794 3,248 18,244 16,618
Net income attributable to HEICO $ 76,889 $ 54,316 $ 218,158 $ 251,657
Net income per share attributable to HEICO shareholders:        
Basic (in dollars per share) $ 0.57 $ 0.40 $ 1.61 $ 1.87
Diluted (in dollars per share) $ 0.56 $ 0.40 $ 1.58 $ 1.83
Weighted average number of common shares outstanding:        
Basic (in shares) 135,370 134,837 135,291 134,676
Diluted (in shares) 137,957 137,234 137,837 137,257