NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS

6 Months Ended

Apr. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

11.      NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS

The computation of basic and diluted net income per share attributable to HEICO shareholders is as follows:

	Six months ended April 30,				Three months ended April 30,
	2011		2010		2011		2010
Numerator:
Net income attributable to HEICO	$	33,904,000	$	24,366,000	$	16,830,000	$	12,573,000
Denominator:
Weighted average common shares outstanding-basic		41,493,461		40,913,676		41,627,329		40,972,865
Effect of dilutive stock options		940,538		1,250,557		855,390		1,228,203
Weighted average common shares outstanding-diluted		42,433,999		42,164,233		42,482,719		42,201,068
Net income per share attributable to HEICO shareholders:
Basic	$	.82	$	.60	$	.40	$	.31
Diluted	$	.80	$	.58	$	.40	$	.30
Anti-dilutive stock options excluded		396,563		541,016		523,125		539,063

No portion of the adjustments to the redemption amount of redeemable noncontrolling interests of ($639,000) and ($311,000) for the six months ended April 30, 2011 and 2010, respectively, and ($513,000) and ($613,000) for the three months ended April 30, 2011 and 2010, respectively, reflect a redemption amount in excess of fair value and therefore no portion of the adjustments affect basic or diluted net income per share attributable to HEICO shareholders.