NET INCOME PER SHARE ATTRIBUTABLE TO HEICO SHAREHOLDERS

6 Months Ended

Apr. 30, 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):

	Six months ended April 30,				Three months ended April 30,
	2012		2011		2012		2011
Numerator:
Net income attributable to HEICO	$	38,228	$	33,904	$	19,043	$	16,830
Denominator:
Weighted average common shares outstanding-basic		52,630		51,867		52,648		52,034
Effect of dilutive stock options		660		1,175		648		1,069
Weighted average common shares outstanding-diluted		53,290		53,042		53,296		53,103
Net income per share attributable to HEICO shareholders:
Basic	$	.73	$	.65	$	.36	$	.32
Diluted	$	.72	$	.64	$	.36	$	.32
Anti-dilutive stock options excluded		641		496		645		654

No portion of the adjustments to the redemption amount of redeemable noncontrolling interests of $.5 million and ($.6) million for the six months ended April 30, 2012 and 2011, respectively, and ($.5) million for both the three months ended April 30, 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.