NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS

9 Months Ended

Jul. 31, 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:

	Nine months ended July 31,				Three months ended July 31,
	2011		2010		2011		2010
Numerator:
Net income attributable to HEICO	$	54,306,000	$	39,296,000	$	20,402,000	$	14,930,000
Denominator:
Weighted average common shares outstanding-basic		41,572,003		40,991,421		41,729,088		41,146,913
Effect of dilutive stock options		907,207		1,200,347		840,545		1,099,926
Weighted average common shares outstanding-diluted		42,479,210		42,191,768		42,569,633		42,246,839
Net income per share attributable to HEICO shareholders:
Basic	$	1.31	$	.96	$	.49	$	.36
Diluted	$	1.28	$	.93	$	.48	$	.35
Anti-dilutive stock options excluded		355,417		540,365		273,125		539,063

No portion of the adjustments to the redemption amount of redeemable noncontrolling interests of ($1,619,000) and ($39,000) for the nine months ended July 31, 2011 and 2010, respectively, and ($980,000) and $272,000 for the three months ended July 31, 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.