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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2023
Jul. 31, 2022
Net sales $ 722,902 $ 569,528 $ 2,031,658 $ 1,598,684
Operating costs and expenses:        
Cost of sales 444,168 348,591 1,242,613 976,308
Selling, general and administrative expenses 129,367 92,190 353,154 272,030
Total operating costs and expenses 573,535 440,781 1,595,767 1,248,338
Operating income 149,367 128,747 435,891 350,346
Interest expense (12,120) (1,406) (29,561) (3,181)
Other (expense) income 906 145 1,888 685
Income before income taxes and noncontrolling interests 138,153 127,486 408,218 347,850
Income tax expense 25,400 34,400 77,400 67,400
Net income from consolidated operations 112,753 93,086 330,818 280,450
Less: Net income attributable to noncontrolling interests 10,730 10,546 30,648 25,979
Net income attributable to HEICO $ 102,023 $ 82,540 $ 300,170 $ 254,471
Net income per share attributable to HEICO shareholders:        
Basic (in dollars per share) $ 0.74 $ 0.61 $ 2.19 $ 1.87
Diluted (in dollars per share) $ 0.74 $ 0.60 $ 2.17 $ 1.85
Weighted average number of common shares outstanding:        
Basic (in shares) 137,006 135,978 136,859 135,835
Diluted (in shares) 138,668 137,837 138,616 137,890