NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS

3 Months Ended

Jan. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

10. 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 (in thousands, except per share data):

	Three months ended January 31,
	2012		2011
Numerator:
Net income attributable to HEICO	$	19,185	$	17,074
Denominator:
Weighted average common shares outstanding - basic		42,089		41,360
Effect of dilutive stock options		539		1,025
Weighted average common shares outstanding - diluted		42,628		42,385
Net income per share attributable to HEICO shareholders:
Basic	$	.46	$	.41
Diluted	$	.45	$	.40
Anti-dilutive stock options excluded		509		270

No portion of the adjustments to the redemption amount of redeemable noncontrolling interests of $1.0 million and ($.1) million for the three months ended January 31, 2012 and 2011, 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.