Earnings Per Share

6 Months Ended

Apr. 30, 2021


Periods Ended April 30,	Three Months				Six Months
(In millions, except per share amounts)	2021		2020		2021		2020
Net income	$	117.5	$	11.5	$	2,218.6	$	102.0
Basic:
Weighted average common shares	49.2		49.2		49.2		49.2
Basic earnings per share	$	2.39	$	0.23	$	45.12	$	2.07
Diluted:
Weighted average common shares	49.2		49.2		49.2		49.2
Effect of dilutive stock options	0.5		0.4		0.5		0.5
Diluted weighted average common shares	49.7		49.6		49.7		49.7
Diluted earnings per share	$	2.36	$	0.23	$	44.65	$	2.05

The following table sets forth stock options to purchase our common stock and restricted stock units that were not included in the diluted earnings per share calculation because their effect would have been antidilutive for the periods presented:


Periods Ended April 30,	Three Months			Six Months
(In thousands, except exercise prices)	2021		2020	2021		2020
Stock option shares excluded	108		210	108		207
Range of exercise prices	$	345.74	$254.77 – $304.54	$	345.74	$	304.54
Restricted stock units excluded	—		1	8		1