Earnings Per Share

6 Months Ended

Apr. 30, 2023

Note 7. Earnings Per Share


Periods Ended April 30,	Three Months				Six Months
(In millions, except per share amounts)	2023		2022		2023		2022
Net income	$	39.8	$	126.6	$	124.4	$	221.8
Basic:
Weighted average common shares	49.5		49.3		49.4		49.4
Basic earnings per share	$	0.80	$	2.57	$	2.52	$	4.49
Diluted:
Weighted average common shares	49.5		49.3		49.4		49.4
Effect of dilutive stock plans	0.3		0.4		0.3		0.4
Diluted weighted average common shares	49.8		49.7		49.7		49.8
Diluted earnings per share	$	0.80	$	2.55	$	2.50	$	4.45

The following table sets forth stock options to purchase our common stock 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)	2023	2022	2023	2022
Stock option shares excluded	313	224	313	224
Exercise prices	$300.12 - $406.17	$345.74 - $406.17	$300.12 - $406.17	$345.74 - $406.17
Restricted stock units excluded	62	12	67	11